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Except it's usually the government selling these projects to private firms, so the tax payer gets the worst of both sides of the coin. There are some things th
by ProAm 10y ago
Except it's usually the government selling these projects to private firms, so the tax payer gets the worst of both sides of the coin. There are some things that are fundamentally necessary (e. g. roads and highways, water) that should not be sold to private industry as for public interest vs profit should be priority number 1.
- rayiner 10y agoProfit serves an important function: it creates incentives to invest and guides investment into areas where demand exists. Our public services in the US are the subject of dramatic underinvestment and also malinvestment (I.e. why your public bus stop every block instead of every 5, why there are three guys standing around for every one guy doing road work). So clearly getting profit out of the equation hasn't worked well.