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I only see this being a problem if there are no free market forces being allowed. One of the examples was that 'some' of the private equity ambulances and fire
by jbhatab 10y ago
I only see this being a problem if there are no free market forces being allowed. One of the examples was that 'some' of the private equity ambulances and fire trucks arrive late. As long as a better one comes in and replaces them, then what's wrong with that?
I have a lot more faith in a greedy money driven investor and company to delivery on the end product than the government. At least they will do everything possible to maximize profits. If they get contracts and have a complete monopoly with no free market though, then this is an issue.
- nostrademons 10y agoDo you actually have a choice which ambulance and fire truck you get when you dial 911? Markets only work in the presence of consumer choice, agency, and evaluation. If there are no consequences for bad service, you will continue to get bad service. Similarly, if the consequences for bad service fall on people who do not have a say in which service is chosen, you will still get bad service.
- LA_Banker 10y ago>At least they will do everything possible to maximize profits. Yes, sometimes this involves slower ambulances or slow internet. This is especially the case when there is no/few alternatives. What are you going to do... not have a water supply? Walk to the hospital mid-heart attack? One need only to look at Comcast/Time Warner Cable data speeds in markets before and after Google Fiber entered the fray. Sometimes, maximizing profits involves maximizing consumer satisfaction. More often, it does not. And it's a phenomenon that isn't unique to the private or public sphere.
- st3v3r 10y ago"At least they will do everything possible to maximize profits" Including cutting corners and reducing service. That is why I do not believe they are a good idea.