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Freely competing organizations that cater to the citizens preferences and demands. The main reason people would choose a public administration of finances is t
by conanbatt 7y ago
Freely competing organizations that cater to the citizens preferences and demands.
The main reason people would choose a public administration of finances is to get the promise that if they fail, some other sucker will pay taxes to cover it.
- jodrellblank 7y agoYou mean like happened with the big private finance companies and their massive government bailout, because the private sector loves private profit and some other sucker paying for losses?
- conanbatt 7y agoWhat is private about government bailouts?
- jodrellblank 7y agoWhat? Private banks and finance companies, for-profit companies. They benefited from not-private, taxpayer-funded government bailouts.
- conanbatt 7y agoGovernment bailouts are not private actions, it's literally a public intervention, contrary to my suggestion of the government not managing people's money.