3 ms·
Is that empirical based knowledge or theological doctrine? The idea that an service cannot be efficiently provided by government is an idea that tend to be thr
by Stranger43 7y ago
Is that empirical based knowledge or theological doctrine?
The idea that an service cannot be efficiently provided by government is an idea that tend to be thrown around a lot in US politics despite evidence from Europe that on public utilities government/state/city owned/controlled utilities is cheaper/better then private companies when allowed to compete directly side by with private enterprise.
- downerending 7y agoIt's one thing to have the government provide a service as part of a carefully planned operation. It's another thing entirely to put a bunch of government workers suddenly in charge of a large corporation. Hey Joe and Jane in GSA, GM just went bankrupt. Could you please drop your other responsibilities and run it from now on?
- Stranger43 7y agoSo what your saying is that the common corporate practice of lifting CEO's across sectors into companies they have no experience with directly is an recipe for disaster? The government have exactly the same options to hire experienced people as any company in existence, so if the government cant replace bad manage neither can the private sector. Once you have a bailout you have by definition incompetent owners and an/or management team that cant do their job properly, bankruptcy forces that to become clear by forcing the incumbent owners to face losses, bailout on the other hand keeps the rot in place.