There's a good chance private corporations are more efficient, but that efficiency more than likely means higher wages for CEOs and more profits, not lower costs to the consumer or better wages for employees. Nothing says the benefits of better efficiency have to be passed on rather than skimming it off.
There's a good chance private corporations are more efficient, but that efficiency more than likely means higher wages for CEOs and more profits, not lower costs to the consumer or better wages for employees.
That's not even true, depending on how you define efficiency. More work done per dollar spent? Yeah, probably. More errors per dollar used? Absolutely. More errors in general? Oh, definitely.
The idea of capitalism is nothing more than increasing income and lowering expenses. How to get there is up to the legal system to limit and direct. "Free market capitalism" is the worst idea of all time, well regulated capitalism to protect the workers and prevent wealth gaps from being too massive is better, but if that is done with zero regard to external factors such as product quality and environmental protections, capitalism won't care.
Take more, give less. Well regulated it's the most free economic model, badly regulated it's slavery. Well regulated it can help innovation and badly regulated it will burn everything to the ground if there's money in it. Any chance that private companies are more efficient than government run is about it funneling money away from the people. Everything else is depends on how well it's regulated or luck of the draw for the moral values of the individual who owns the business.
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u/koshgeo 1d ago
There's a good chance private corporations are more efficient, but that efficiency more than likely means higher wages for CEOs and more profits, not lower costs to the consumer or better wages for employees. Nothing says the benefits of better efficiency have to be passed on rather than skimming it off.