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If these last few years have taught us anything.
They are putting undisclosed ingredients into the food even if they are regulated.
Slim Jim - now flavored with microplastics and preserved with forever chemicals
Slim Jim’s were the original forever chemicals. You ever seen one go bad?
They’re efficient at maximizing profits for shareholders, usually at the dire expense of literally everyone else.
Possibly, but they have different incentives.
Depends on the situation I’d say.
Making money for shareholders
Private companies literally paid billions of dollar to dismantle a (more or less) effective government just so that they could say this (and its still wrong).
can you call a government that allows itself to be turned into a caricature of itself efficient?
My government is mostly privatized. We even hired a consulting firm to figure out how the government could lower consulting fees. The consultants found that if we consult less, we will have lower consulting fees. We paid over half a million for that single report:
https://www.theglobeandmail.com/politics/article-federal-government-kpmg-consulting/
Ya know what was a foundational part of the American dream? Pensions. Ya know which employers still offer them? Counties, states and the federal government.
Private companies exist solely to make the people at the top very rich based on the stolen value of employee labor while dumping catastrophic losses in the public sphere. That’s capitalism in a nutshell.
You’d have to be unbelievably gullible, naive, traumatized AND brainwashed to be a diehard for a system like that. But, somehow they’ve managed it. A deluded nation of Amway top performers just one move away from making their own imaginary millions. All simping for the system.
Yesterday an American accidentally admitted that they tip their landlord. It was at that point I said to myself “man you fuckers deserve to suffer under whatever republican you end up voting for next election because we all know that’s what you dumb ass motherfuckers are going to do”
I’m a big proponent of letting people suffer for their bullshit, but please let the rest of us out
Telecommunications Act. 1996. The Great Brainwashing where the Party began telling you to ignore the evidence of your eyes and ears.
The best part? …if you endorse force and shick therespy to fix this fucking shit even the “leftists” will call you a violent fascist. Everyone got brainwashed.
Corruption is the issue when governments are involved with capital. Social inequality is the issue when private owners control the capital.
My view is that having an army and control over the capital is too many eggs in the same basket.
So… Without a government, there just wouldn’t be armies? Rich and powerful private citizens wouldn’t form their own armed forces?
Why wouldn’t there be warlords? I’m not sure how this comment follows. Without a government, you get both eggs in one basket, which the original commenter agrees is bad.
East India company would like to speak to him
Having worked on both sides. Private industry has the ability to quickly maneuver and change tact.
Imo
It depends on the industry. Huge publicly traded organizations are basically as bad as government
I’ve peaked inside large private companies. They’re no better than public companies. Turns out, being large means you can’t move very fast.
Eh, you can quickly create a new division/bureau/area and hire for the new roll and when it doesn’t work out you can fire easily. That ain’t possible within government where everything is governed by statue or rule
But government likes to starve the stuff they run to make it look bad so they can carve it up and sell it to their mates. See literally anything Britain privatised.
Anything with no competition trends towards being shit over time.
But surely you must admit that they do extract more wealth from the working classes for people who just move money around. Let’s see your profit-less crown corporation do that. Checkmate /s
I think the issue is large organizations are inefficient and inflexible, be they government or corporates.
You want small lean groups with a lot of autonomy.
Our corporate structures and limited liability not only make these massive orgs possible, but incentivize some truly insane megacorps.
Yep, the US government used to break up monopolies and it greatly benefitted the boomers.
It’s not just that. You want businesses to be able to fail if they are being run poorly. That’s something that’s a lot harder with government agencies, state owned enterprises, and large companies.
- government agencies: People rely on them by design. You can’t simply shut down the health care or welfare system because it’s being run poorly or corruptly.
- state owned enterprises: There is pressure from the ruling class to keep even inefficiently run or corrupt SOE going because they provide jobs and patronage.
- large companies: They become systemically important. The loss of a single large business can cascade through the economy. See: Lehman Brothers or the big auto companies during the 2008 crash.
I mean, they are (at making profit), but funnily enough, you can’t run a society when everything is profit driven 🙄
That’s literally uncomparable. Government does things that ignore profit. That’s what government is for. The provide services at a loss. The only “profit” might be things like societal improvement, education, security, and such.
I think that’s exactly the point they’re making
That’s literally uncomparable. Government does things that ignore profit. That’s what government is for. The provide services at a loss. The only “profit” might be things like societal improvement, education, security, and such.
People pay taxes that fund the government. If the money is wasted then services suffer. So it’s not profit or loss but they must deliver value. Value is harder to quantify than profit but governments have to figure a way out of doing it and provide incentives to staff to deliver it.
In Germany we are in the process of privatizing hospitals. This will surely go over great in case of you know another pandemic. You can bet your butt that a private company will cut staff numbers, they will reduce the number of hospital beds and they will do the least amount of work they can get away with.
I can’t easily go to a competitor, now can I? We only have that one hospital in the city.Oof. As an American, my heart goes out to you. I wouldn’t wish our healthcare system on anyone.
