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I think the better question is, Which entity can better allocate the capital? The government or the billionaire? Given the historic track record of government s
by brocklobsta 3y ago
I think the better question is, Which entity can better allocate the capital? The government or the billionaire? Given the historic track record of government spending I would argue the we are much better with the capital staying in the private sector. As a bonus, if capital is grossly misallocated in the private sector, the company may go out of business, and those resources are freed up the the highest bidder. When the government grossly misallocates resources, the burden falls on the tax payer and rarely gets fixed in any reasonable time horizon.
- worik 3y ago> Given the historic track record of government spending Building schools Building hospitals Building infrastructure Police Parks The post office for you Americans in the USA
- nickpp 3y agoNow do private investments: everything else. Every single object and service I use or interact with every day. From the clothes on my back and food on my plate to the house sheltering me, furnace heating me, car carrying me and the computer helping me earn a living. Would you like to compare ROIs?
- anononaut 3y agoI agree with the sentiment, but it's a little too optimistic to presume tax payer foots the bill only for public sector endeavors. The huge financial industry bailouts weren't even that long ago! Private over public, but there should be no "too big to fail" and no cartels.
- spigottoday 3y agoSeems to me that half of government spending winds up in billionaires pockets. Nice work if you can get it.