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Social democracy in fashion again?

• mmooss 2y ago
  It's interesting that in some HN discussions, all the arguments for (in this case) public ownership are valid and the advantages of private ownership seem to be completely forgotten. And in other discussions, it is vice-versa. I think that reflects the broader public. If you can get people in one or the other mode, they will forget what they knew 24 hours ago. Personally, I think private ownership and public ownership are two tools in the toolchest, good for different tasks. In many cases, privatization is a capitalist who notices a large, reliable cash flow, such as public utility revenue, and wants a cut of it. Public ownership can suffer from a lack of innovation - perhaps that matters less for mature technologies.