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> Does nationalisation stifle innovation? I would argue that it does not. We have a lot of innovations from the last 100 years that have come from state-run pr
by 49531 5y ago
> Does nationalisation stifle innovation?
I would argue that it does not. We have a lot of innovations from the last 100 years that have come from state-run projects / endeavors.
The more I think about it the more it looks as though private ownership stifles innovation if there isn't a direct profit motive for it.
- pydry 5y agoBeing a monopoly of any kind stifles innovation. It's often better for the state to react to private monopolies/oligopolies by entering the space and competing with a bare bones service. This has worked in banking, telecoms, land development, housing, etc. It often works better than taking over the monopoly directly. It's one of the reasons (IMHO) Singapore has such an effective private market. Often private companies lobby for laws restricting the level that they can compete - this is a signal that it's an effective tactic. If USPS were given a mandate and the cash it could absolutely build a marketplace that could compete and it would probably kick start Amazon into being a better and cheaper retailer. Unfortunately it's being whittled down to a husk of its former self.