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You've answered your own question. The incentives of capitalism "unencumbered by regulation" and the necessities of investing in and maintaining infrastructure
by krapp 2y ago
You've answered your own question. The incentives of capitalism "unencumbered by regulation" and the necessities of investing in and maintaining infrastructure are often at odds.
- bluerooibos 2y agoSee the crumbling privatised water infrastructure in London/England as another example of this. The companies in charge allowed the infrastructure to crumble all whilst paying out massive shareholder dividends and holding huge amounts of debt. Then they dare to ask for government bailouts and increased utility bill prices. Someone explain how that's even allowed. As usual, socialism for the losses, capitalism for the profits.
- olddustytrail 2y agoIt's worse than that. Those massive debts are from loans from a loan company. The parent company of the loan company is also the parent company of Thames water. It's all a massive scam. It would be better if companies were not able to own other companies.
- kjkjadksj 2y agoIn the US companies are sometimes considered people, which really perverts what they can do.