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> I don't know about you, but I would never, ever count on the government running anything more efficiently than the private sector. This is a bad idea. It dep
by icanhackit 9y ago
> I don't know about you, but I would never, ever count on the government running anything more efficiently than the private sector. This is a bad idea.
It depends on the bureaucracy of each country, but for countries in the top 10 of the HDI [1] who have proven they can run effective public organisations (perhaps excluding the US who are tied with Canada at #10) I'd say that because their governments can play the long game i.e. not be hamstrung by fiduciary duty -- to constantly deliver profits in the short term -- they can focus on more abstract ways of capturing value.
In a metaphorical sense private banks are forced to feed on the lowest-risk, fastest ROI food which allows them to merely live another day and repeat the process over and over while government-run banks can eat foods that require more time to digest but reap greater rewards due to the circular nature of that ecosystem. A more successful, gainfully employed community is one that is less of a burden to the government, and an effectively funded government can further aid communities.
[1] https://en.wikipedia.org/wiki/Human_Development_Index https://en.wikipedia.org/wiki/Human_Development_Index