4 ms·

wouldn't strategic reserves (government controlled) provide security and control assurances that the private sector could not provide?

• eru 5y ago
  The private sector is perfectly capable of providing security? Private sector entities store and handle valuable stuff all the time. (Government) control is another issue. Obviously, a government run scheme would be under more government control. Though laws are perfectly capable of controlling private sector entities, too.
  • piva00 5y ago
    Security is not profitable until a crisis hit, why would a private company in the JIT business world care about the security of a society if it's not profitable until it is? That's exactly how you get price gouging...
    • eru 5y ago
      Price gouging is exactly what makes security profitable! That's very similar to how peaker plants work. See https://en.wikipedia.org/wiki/Peaking_power_plant https://en.wikipedia.org/wiki/Peaking_power_plant
      • voakbasda 5y ago
        Isn’t price gouging with security called a protection racket?