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Because that's communism. (Not even /s, that's the actual argument people make)
by triceratops 4y ago
Because that's communism.
(Not even /s, that's the actual argument people make)
- soperj 4y agoSame with fire depts, police, medicare, sewage, roads?
- triceratops 4y agoDon't shoot the messenger. I didn't say I agreed with the argument. For example, anyone who is in favor of "smaller government" should support of the "Defund the police" movement. They do not. That should tell you something about the state of critical thinking. Public healthcare is "communism" but police and the armed forces are somehow not. I've made literally the same argument to someone on here a while back. Here it is: https://news.ycombinator.com/item?id=25503815 https://news.ycombinator.com/item?id=25503815
- soperj 4y agoRight, forgot about the armed forces :)
- kiksy 4y agoRBS was nationalised in the UK in 2008. It's still doing fine.
- whimsicalism 4y agoNot sure about the GP, but the case that you want to avoid is capital being allocated for political reasons rather than towards productive enterprise.
- triceratops 4y agoI didn't say I agreed. I'm just telling you why it didn't happen. FWIW the UK and Canada (and maybe other Commonwealth countries) have had successful examples of public-owned companies. The US has no such tradition and is, therefore, culturally resistant to the idea.