Why does the government buy products and services differently from large private-sector organizations?
The federal government is one of the largest organizations on Earth, buying about $400 billion worth of goods and services annually. It s not responsible for shareholders; instead, it s accountable to 300 million U.S. citizens. Private-sector companies have a board of directors to set policy; the government has Congress. The private sector spends its own money; the government spends our money. Civil servants can go to prison if they expend funds without prior congressional approval. The stakes are different in government.
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