▲ | danielmarkbruce 4 days ago | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Because public operation of infrastructure has often not gone well. And no matter who owns it, there is a cost of capital. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
▲ | dghlsakjg 3 days ago | parent | next [-] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
The interstate road system in the US is world class. Airports and ports are publicly owned, and seem to function very well in most cases. Education including the infrastructure and buildings is managed incredibly well in many jurisdictions. There are many, many examples of well run public infrastructure. We only notice the failures because 1. they are an easy punching bag 2. they are noteworthy because we expect them not to fail. It is hardly a maxim that public operation of infrastructure is incompetent, and I would argue that "often" is not the right word. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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▲ | BLKNSLVR 3 days ago | parent | prev | next [-] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
This feels like Churchill's democracy quote applies: "It has been said that democracy is the worst form of Government except all those other forms that have been tried from time to time" It has been said that public operation of infrastructure is the worst form of operation of infrastructure except all those other forms that have been tried from time to time. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
▲ | DannyBee 3 days ago | parent | prev | next [-] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
It's gone fine. It's always fun to hear about the wonders of privatization where everyone conveniently ignores that the vast majority of private businesses fail miserably. Over 50 percent in five years. Mostly due to mismanagement of money, the thing they are supposed to be better at. The rate is even higher (80-90 percent) if we were to look at small businesses. They do have better PR though. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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▲ | lenkite 3 days ago | parent | prev | next [-] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
> Because public operation of infrastructure has often not gone well. Kindly define "not well" compared to privately owned infrastructure. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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▲ | sensanaty 3 days ago | parent | prev | next [-] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Could you list some examples of where public infra hasn't "gone well"? Because from my own view of things it's the exact opposite, whenever anything became privatized that shouldn't have been (rail, water, electricity, public transportation, healthcare) it inevitably follows the same churn as all the other things getting enshittified continuously. The national railway in the Netherlands is a great example of this. They've privatized but with gov't subsidies, yet there's less trains, less people getting moved by the remaining trains, ticket prices skyrocketing YoY, worse service, rail workers getting shafted and basically being forced to go on strike in order to improve conditions. They're (NS) a monopoly too and handle something like 95% of all rail traffic within the Netherlands. I believe the UK is going through a similar issue, where their railways are now privatized and in turn it's lead to increasingly worse service despite there being plenty of competition in the market in the form of many rail companies. This lolbert fantasy of the "free" market being good for literally everything, including critical public infrastructure is a complete farce. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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▲ | cma 3 days ago | parent | prev | next [-] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
You can have competing operators bid for the contract to operate without owning. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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▲ | Spooky23 3 days ago | parent | prev [-] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Municipal bonds are the cheapest capital available anywhere. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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