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That depends on the market. There are valid reasons for states to get involved in business: * some markets can never be free due to their nature (their service
by Twixes 6y ago
That depends on the market. There are valid reasons for states to get involved in business:
* some markets can never be free due to their nature (their services are not negotiable): e.g. medical care, pharmaceuticals
* some markets just create monopolies or else are horribly inefficient: e.g. metropolitan transportation, railways
* sometimes it's better that the government-funded service doesn't need to make a profit, because that way it can serve more of the government's people better: e.g. housing, education, public transport in general
* even stronger influence can be exerted on other states if you control powerful companies operating there: e.g. PRC's approach
- perilunar 6y agoWell I think that some of that falls generally under market 'failure', so I don't necessarily disagree. But when the market is working the government should butt out.