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Sometimes yes absolutely, but there are social goods that it's not efficient to capture or represent in the form of profits. The most extreme examples are natio
by simonh 5y ago
Sometimes yes absolutely, but there are social goods that it's not efficient to capture or represent in the form of profits. The most extreme examples are national militaries and policing, but there's also fire services and arguably health care.
I know that last one is controversial in the US, but I'm a Brit and a conservative voting one at that, and over here and in Europe generally it really isn't at any significant level.
Some enterprises, particularly general social services and infrastructure just work very well as charitable trusts, or non profits. This has been shown to be effective for hundreds of years. Then for-profit enterprises can work alongside them to mutual benefit, such as medical products companies working along with health services. It's just a matter of which model works best in practice in a function, ideology be hanged.
As we're on the subject of SpaceX the NASA model worked very well for a while, but ran into the ground with the Shuttle. Now we seem to be back with a productive synergistic relationship between public and private functions.