4 ms·
> Quietly also nationalize the debt to the public in a line item somewhere that nobody writes about. Squander resources for years. Sell back to industry claimin
by fransje26 3y ago
> Quietly also nationalize the debt to the public in a line item somewhere that nobody writes about. Squander resources for years. Sell back to industry claiming the salvation of capitalism.
Ah, the privatization switcheroo.
1) Have a state develop and pay for expensive and necessary assets
2) Preach that privatization is necessary because -something-something-government == inefficient.
3) Take prized assets at a bargain price. Under-invest chronically and strip valuable assets
4) Get paid again when company is re-nationalized
5) Goto 2)
To make the different steps smoother, you can add a good government-industry revolving-door policy. Nothing helps capitalism efficiency more than a bit of cronyism.