I mean that's just trivially true right? For profit corporations are designed to maximize profits, therefore they must try to maximize the amount of money they extract from their customers.

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gtowey a day ago | parent | next [-]

And now you know the entire reason the US is consumed by political chaos.

A rational society would be regulating those corporations to ensure they act in the public best interest at least some of the time. We're seeing the result of what happens when we are 50 years behind on that. And the current administration is generally rolling back regulations all over.

Think of the money at stake and it will become obvious that our current situation isn't mere happenstance. The chaos is a deliberate smoke screen -- perhaps not exactly planned by the current administration, but orchestrated by the oligarchs behind the scenes.

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spwa4 a day ago | parent | prev [-]

As opposed to public companies? Come to Northwest Europe and you'll find a very similar problem: elderly in homes, so incredibly understaffed that there simply isn't anyone to pick up someone who falls for hours.

These days every few months there's a new "accident" reported in these places. They have been destaffed to dangerous levels. Apparently last months' issue was that the administration was wrong. A room that had an elderly person was registered as empty, but had an old lady inside. She starved to death because she was unable to leave the room and "didn't call for help" (probably didn't call loud enough).

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croon 13 hours ago | parent | next [-]

Those are generally private companies too, at least in Sweden, I would assume most of the nordics.

That last 20-30 years have seen increasing privatization of services paid for with public funds, in everything from infrastructure, healthcare, eldercare and schools. Of course they maximize profits (maximizing residents, students, patients) and minimize costs (staff, care).

It's the same problem, not a different one.

	▲	spwa4 4 hours ago \| parent [-]
		But that is not a property of private industry ... or I should say, it is, but it is not a difference with public industry. In public industry the name of the game is to maximize subsidy for minimal actual work done. Lots of people, but nothing happens. If you were alive in the 80s you would have seen this in action. People who "work" ... but not much at all. Many people, but zero activity. I'm told it was much worse in the 60s.

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rco8786 a day ago | parent | prev | next [-]

I'm not prescribing a solution nor passing any judgment. Simply making an observation.

It's an incredibly difficult problem with no perfect solution.

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throaway5445454 a day ago | parent | prev [-]

prison life