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the better argument against nationalization is to reduce the consolidation of power (and money and corruption), not a government vs corporation pick-your-poison
by clairity 7y ago
the better argument against nationalization is to reduce the consolidation of power (and money and corruption), not a government vs corporation pick-your-poison tradeoff.
the economy would be better off if nearly all capital/equities were tied up in small- to medium-sized businesses, not large corporations (or governments) and consolidated markets.
- mr_toad 7y agoThe best argument against nationalisation is that it makes it more difficult for companies or entire countries to raise capital. Who wants to invest in an enterprise when it could all be taken away arbitrarily.
- clairity 7y agoeh, that's not a great argument. entire nations can just print money to fund enterprises, no need for private capital investments. which again makes my argument: avoiding consolidations of power that can devolve into fascism/corporatism to the detriment of citizens.
- mr_toad 7y ago> nations can just print money to fund enterprises I’m honestly not sure if you’re being facetious or not. You can’t buy machinery with worthless banknotes.
- refurb 7y agoYou raise another important point - which companies are nationalized will be a political games from the start. The gov't will basically decided which companies live and which ones die, and I have no doubt personal relationships between government and executives will help that process.