posted on Dec, 13 2012 @ 05:20 AM
Originally posted by gladtobehere
reply to post by Merinda
Has there ever been a case when government was more efficient than private industry?
Politicians have perfected waste and mismanagement, which should be expected when there are no consequences.
A private company may actually go out of business so they have an incentive to act prudently.
Unless of-course youre a bank or some other giant enterprise. You can still take risks, go bankrupt and have the government bail you out.
Regardless, its a moot point. One of the few powers that the Constitution grants the federal government is a standing army, not a global empire,
which is what we have.
edit on 11-12-2012 by gladtobehere because: (no reason given)
Define efficient. If you are talking monies, then I am sure a private military company would be more efficient in just spending the absoulte
necessarry to keep the buisness going, expanding and running a profit. Of course that would mean more soldiers get wounded or killed, because keeping
friendly casualities as low as possible is not a priority anymore. Profits are the priority.
Same for insurance companies, with the nature of the buisness pooling money and paying it out as needed, when profits are the objective you need to
pool in the money for dividends and hefty CEO salaries too. If they are not, you need only to pool the money that is necessarry to run the buisness,
pay out what is needed to take care of those who have a claim, build a reasonable reserve and after that, break even not run a profit.
My point is, there are many scenarios where capitalism does work and work well, but depending on what the goal of an operation is, there are cases
where it is counterproductive to say the least. The right tool for the job.
edit on 13-12-2012 by Merinda because: (no reason given)