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Understood, and agree that when it makes sense to do so, it should be done, in the private sector - e.g., Amazon offering cloud services on the back of their ex
by bsbechtel 12y ago
Understood, and agree that when it makes sense to do so, it should be done, in the private sector - e.g., Amazon offering cloud services on the back of their excess server capacity. The difference between the private sector doing this and government though lies in what happens when failure occurs. That's what I want others to understand.
- dd36 12y agoI think everyone agrees that the private sector should do everything it can. It's a spectrum. Most problems the market can solve just fine. Some problems it cannot without the power of taxation (no free riding). The cut off line is hotly debated. Arguably the line shifts with technological advances.