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Because the state is accountable to voters and not just shareholders, so there is an intrinsic incentive to redistribute wealth in a more equitable way than a c
by kiliantics 9y ago
Because the state is accountable to voters and not just shareholders, so there is an intrinsic incentive to redistribute wealth in a more equitable way than a corporation has any incentive to.
I'm not a huge fan of the state myself but it for sure helps people that corporations never would (because it's not profitable to do so) so in many ways they are better custodians of a society's collective wealth.
- ci5er 9y agoThe bureaucracy is beholden to itself (and acts to survive on that basis), and the elected official presents a principle-agent problem. Now, I understand how it is supposed to work. But I am asserting that this is not how it does work.