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You said private companies have a profit motive- if not, they die. I used Amazon as a counter-point. Uber still isn't profitable. So if companies can run for o
by effingwewt 4y ago
You said private companies have a profit motive- if not, they die.
I used Amazon as a counter-point. Uber still isn't profitable. So if companies can run for over a decade without making a profit, I'd again say the entire system is broken.
Zombie companies burning capital while driving out possibly profitable competitors is a symptom of rot, not a successful financial system.
Again, my point is that for profit companies are every bit as bad if not worse than government agencies who at least pretend to have oversight.