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I agree that companies shouldn't be allowed to monopolize and rent seek, but I'm not sure nationalization is the answer. It isn't done because of the same reaso
by bostonsre 5y ago
I agree that companies shouldn't be allowed to monopolize and rent seek, but I'm not sure nationalization is the answer. It isn't done because of the same reasons communism fails. Innovation halts, corruption creeps in, and it becomes bloated and worse for the end user than when it started.
- elliekelly 5y agoPeople always say this but it's simply not true. My local water authority has been operating for decades and I've never heard a single person complain. Ditto for the municipal gas company. I can't say the same for the local electric company (owned by Exelon) or the local cable company (Comcast) or the local garbage collection service (owned by WM). If anyone is guilty of "bloat" that harms the end user it seems to me it's the private companies.
- kwere 5y agoccp is known for a lot of things, effective managment is not one of these
- lordentropy 5y agoCapitalism and free enterprise succeed due to competition. Your local electric company and the local cable company probably are state sanctioned monopolies.
- bostonsre 5y ago> People always say this but it's simply not true. There are also cases where it does not go well, e.g. flint. Those companies you list suck because they have monopolies which I think is a separate issue. Also, a local municipal organization has a ton less bureaucracy, there is not much incentive for corruption, and the result of corruption won't tank the economy. A national bank would be a whole different ball game. If a guy gives his friend's company free water, so what. if a guy who works at a national bank gives his friend's shitty company a sweetheart loan that he knows they won't be able to pay back, that will have a lot more dire consequences if repeated over and over.