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> For many governments, given their local monopoly on control and greater lack of clear financial accountability to a specific bottom line, malfeasance is if an

> For many governments, given their local monopoly on control and greater lack of clear financial accountability to a specific bottom line, malfeasance is if anything more likely. I am going to guess you and I have some underlying philosophical differences. I fully believe in the power of competitive markets, however, the primary market structured around profit is not always (or even often) the best for global scale issues. Given that we cannot appropriately price externalities nor enforce them, we often want organizations which are motivated socially or by values. The trade off in efficiency is irrelevant. I don’t want a company seeking maximum efficiency in some areas, I want things that are driving for stability or durability. Or social good. Or other measurements. You actually said it best: > If anything, large multinationals are about the best run businesses on the planet. Yes, but they’re businesses, not everything is a business problem.

eru 1y ago
> I am going to guess you and I have some underlying philosophical differences. I fully believe in the power of competitive markets, however, the primary market structured around profit is not always (or even often) the best for global scale issues. Profit might not be a particularly good incentive, but the others are worse. > Given that we cannot appropriately price externalities nor enforce them, we often want organizations which are motivated socially or by values. Just waving your wand doesn't automagically make any organisation (government or otherwise) motivativated socially or by values. See eg https://en.wikipedia.org/wiki/Public_choice https://en.wikipedia.org/wiki/Public_choice > The trade off in efficiency is irrelevant. I don’t want a company seeking maximum efficiency in some areas, I want things that are driving for stability or durability. Or social good. Or other measurements. Sure, but just stating that desire that doesn't make it happen.

eru 1y ago

> I am going to guess you and I have some underlying philosophical differences. I fully believe in the power of competitive markets, however, the primary market structured around profit is not always (or even often) the best for global scale issues. Profit might not be a particularly good incentive, but the others are worse. > Given that we cannot appropriately price externalities nor enforce them, we often want organizations which are motivated socially or by values. Just waving your wand doesn't automagically make any organisation (government or otherwise) motivativated socially or by values. See eg https://en.wikipedia.org/wiki/Public_choice https://en.wikipedia.org/wiki/Public_choice > The trade off in efficiency is irrelevant. I don’t want a company seeking maximum efficiency in some areas, I want things that are driving for stability or durability. Or social good. Or other measurements. Sure, but just stating that desire that doesn't make it happen.