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== if they spend too much on negative ROI activities== This is the key, and it has nothing to do with being private or public. You have brought that bias into

• Ajedi32 1y ago
  > it has nothing to do with being private or public It has everything to do with being public or private. Private companies exist to generate a positive ROI; that's literally their whole purpose. Companies with high ROIs attract massive investment and expand, companies with low or negative ROIs cease to exist. It's a self-optimizing system. Government programs have no concern for ROI and that's precisely the problem; they just siphon more resources out of the private sector and keep going regardless of whether there's any return or not.
  • supplied_demand 1y ago
    == Government programs have no concern for ROI and that's precisely the problem; they just siphon more resources out of the private sector and keep going regardless of whether there's any return or not.== You have inserted your personal bias and declared it a fact. Many government programs have ended. Many programs have very specific concern for ROI. Government has an ROI timeline lasting generation-to-generation (see: moon landing, interstate, quantum investments), a company has a timeline lasting quarter-to-quarter (see: SEC filings). Different entities can also measure ROI differently. To you ROI means positive net income and growth. It could mean patent or litigation protection for a large company.