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Two teams, one digs holes, the other one fills holes. Maybe an advice by Keynes during the Great Depression.
by pmontra 6mo ago
Two teams, one digs holes, the other one fills holes. Maybe an advice by Keynes during the Great Depression.
- gzread 6mo agopeople mock communism for this, but capitalism also does it all the time
- Nifty3929 6mo agoCapitalism DOES do this all the time, but bankruptcy is the safeguard against this among private companies in a capitalist system. If your outputs are not more valuable than your inputs over a long enough period of time, you will be bankrupt. There is no such safeguard among publicly run, financed, incented, funded, etc companies or organizations. Their outputs can remain less valuable than their inputs over an indefinite period of time.
- merry_flame 6mo agoNot if you consider externalities. Privatizing profits and socializing losses and all that…