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There is no data indicating this. Based on your logic capitalism shouldn’t work since all private companies are making margins, which is the basic incentive.

squarefoot 2y ago
Capitalism does indeed work and I'm all for it although I lean left, but capitalism without safeguards (that is, allowing uncontrolled profit maximization) is a cancer. Having incentives to grow is a great thing, however one needs well defined limits to protect the poor. Corporations repeatedly find means to not pay or pay ridiculous amounts in taxes, which will invariably end up weighing on the shoulders of the middle and lower classes; that is something any sane government should address immediately, but it's hard to do that in a system where every campaign is run using mostly the money of the same entities it should tax.
defrost 2y ago
> There is no data indicating this. "examples of privatisation increasing costs to us taxpayers" .. * First up, the entire US health system compared per capita to other industrialised countries. * Any reasoned debate on whether privatization serves the public interest will include substantial links to wins and losses on either side, the classic preamble quote being something like: there are flaws endemic in both private and public ownership: private ownership is not free of its own set of problems. In short, public provision suffers when public managers pursue actions that are not in the interests of the citizenry—for example, the employment of unnecessary workers or the payment of exorbitant wages. Private provision suffers when private managers take action inconsistent with the public interest—for example, performing shoddy work in an effort to boost profits or denying service when costs are unexpectedly high. ( ~ https://hbr.org/1991/11/does-privatization-serve-the-public-interest https://hbr.org/1991/11/does-privatization-serve-the-public-... ) Your blanket denial is in error. > Based on your logic capitalism ... Not my logic, there are examples of PE companies rorting public sector funds post privatisation from around the globe .. that's public, global, empirical observation not random forum "logic". Then there's the hilarious question of "capitalism" .. do they have that still in the US? I commend you on your nom de guerre, using the pet name of Elon's dildo to reply here is pure genius. Chef's kiss.
npteljes 2y ago
Capitalism works, but simply working is not a very high bar. Slavery also works for production, for example, or rape is working for reproduction. What we are aiming for, and yes, this should have been more explicit, are much higher standards.

squarefoot 2y ago

Capitalism does indeed work and I'm all for it although I lean left, but capitalism without safeguards (that is, allowing uncontrolled profit maximization) is a cancer. Having incentives to grow is a great thing, however one needs well defined limits to protect the poor. Corporations repeatedly find means to not pay or pay ridiculous amounts in taxes, which will invariably end up weighing on the shoulders of the middle and lower classes; that is something any sane government should address immediately, but it's hard to do that in a system where every campaign is run using mostly the money of the same entities it should tax.

defrost 2y ago

> There is no data indicating this. "examples of privatisation increasing costs to us taxpayers" .. * First up, the entire US health system compared per capita to other industrialised countries. * Any reasoned debate on whether privatization serves the public interest will include substantial links to wins and losses on either side, the classic preamble quote being something like: there are flaws endemic in both private and public ownership: private ownership is not free of its own set of problems. In short, public provision suffers when public managers pursue actions that are not in the interests of the citizenry—for example, the employment of unnecessary workers or the payment of exorbitant wages. Private provision suffers when private managers take action inconsistent with the public interest—for example, performing shoddy work in an effort to boost profits or denying service when costs are unexpectedly high. ( ~ https://hbr.org/1991/11/does-privatization-serve-the-public-interest https://hbr.org/1991/11/does-privatization-serve-the-public-... ) Your blanket denial is in error. > Based on your logic capitalism ... Not my logic, there are examples of PE companies rorting public sector funds post privatisation from around the globe .. that's public, global, empirical observation not random forum "logic". Then there's the hilarious question of "capitalism" .. do they have that still in the US? I commend you on your nom de guerre, using the pet name of Elon's dildo to reply here is pure genius. Chef's kiss.

npteljes 2y ago

Capitalism works, but simply working is not a very high bar. Slavery also works for production, for example, or rape is working for reproduction. What we are aiming for, and yes, this should have been more explicit, are much higher standards.