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people mock communism for this, but capitalism also does it all the time
by gzread 5mo ago
people mock communism for this, but capitalism also does it all the time
- Nifty3929 5mo 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 5mo agoNot if you consider externalities. Privatizing profits and socializing losses and all that…