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At the point that a public company becomes a utility, why not nationalize it? The alternative being presented here is that private companies should be legislate
by mmcwilliams 4y ago
At the point that a public company becomes a utility, why not nationalize it? The alternative being presented here is that private companies should be legislated and regulated into behaving in a particular way which is an incredibly inefficient way to manage a public good.
- stanleydrew 4y agoHonestly in practice I'm not sure there's much difference. A "nationalized" utility would still be regulated by legislation to behave "correctly" when operated by the executive branch. See e.g. USPS.
- mmcwilliams 4y agoI think the difference between the USPS--which has laws preventing it from making a profit--and a US-based tech firm that profits by selling user data to advertisers would be a massive one.