Yes, next question.
this post was submitted on 02 Sep 2024
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Ayup, privatization is always a terrible idea!
It certainly doesn't help healthcare or education prices when you privatize them.
Privatizing an industry it's just another way to take something out of the public eye and turn it into a opportunity for the ultra rich to make more money.
Privatization and deregulation are the bread and butter of conservatives. Always works out real well for the owners while everyone else pays the bill.
It's quite literally a core tenant of neoliberalism.
You mean the part about the owners making lots of dough while everyone else pays for it?
Always works out real well for the owners while everyone else pays the bill.
Ironically, there's a whole movement that directly fights that sentiment by deregulating the supply of housing. It's called YIMBY. When housing is a rarity, it's more expensive, so why not make more housing?
When we deregulate we must be very careful. Sometimes it’s good like saying that residential and commercial properties can be next to each other. Other times it puts the coal plant next to the kindergarten. You’ve gotta be careful to not throw the baby out with the leaded bath water
Yes, absolutely. My point is that some regulations are counterproductive, or just plain wrong... like redlining.
Privatizing anything will lead to higher prices.
The claim (which I think we should be comfortable calling a "lie" at this point) is that services provided by the government are almost inherently wasteful. Conservatives (it's always conservatives) believe that civil servants (our neighbors) are overpaid and lazy. They believe that top level bureaucrats don't have incentives for innovation and cost/waste minimization, and that top level executives in a for profit corporation do.
And the additional claim ("lie") is that commercial profit incentives de facto lead to improved customer (citizen) outcomes.
However, I've never seen any long term data that supports ANY transition from public to private leading to either better innovation OR internal performance OR customer outcomes. I've also never seen data supporting the reverse (converse? inverse?) contention that nationalizing something corporate leads to worse innovation, performance, or outcomes.
Just for clarity I'm not looking for "data" from kleptocracies, oligarchies, military juntas, or other non free, non democratic, arguably non market based countries.
So basically only NATO, maybe EU, North America, Australia, Japan, South Korea... And I bet such data doesn't exist (or exposes the lie).
South Korea and Japan shouldn’t be on that list. Corporate oligarchy in systems like the chaebols
Nationalized services do not need a profit motive.
I wish we could slap it through our heads that socialized systems are OK to be lossy. They are paid for through taxation. They do not need to profit off the consumer. Privatization reverses this. It defunds them and moves the cost to the consumper, implementing a profit motive.
There are few simpler concepts.
This has been argued for years with regards to USPS, but here we are 🤷 you're right, tho, services dont need to make a profit, they need to provide a service.
Honestly convincing the public that privatization is a functional solution to any problem is one of the biggest achievements of right wing propaganda and political action of the 20th/21st century.
I agree totally and this is something I bring up whenever possible. Mixed results but worth it IMO.
How about we don’t privatize anything. Ever again. But especially not things that have private competition like those. If you want a private bank use it. I’ll use my public or cooperative bank
Instead of making housing affordable they will make a 40 year mortgage the standard.
It doesn’t even have to be direct costs. It could just be service fees tacked on to third parties like title search agencies, and those fees will be passed on to the consumers.