Thread: The state benefits system mega-thread.
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Old 22-08-2019, 16:20   #2307
OLD BOY
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Re: The state benefits system mega-thread.
Quote:
Originally Posted by jfman View Post
Why should anyone pay for anything that delivers public good through taxation? Roads, education, etc.

Privatisation to the maximum leaves everyone worse off as profits are creamed off and losses passed back to the state with the state picking up the tab anyway.
As an economist, you should know that the benefit of privatisation is that you get major savings through being more efficient than the public sector. This allows you to make a profit as well as enable price reductions.

I have told you more than once already that it is government policy to increase rail fares to pay for the investment necessary to overcome decades of neglect by the former British Rail.

---------- Post added at 16:20 ---------- Previous post was at 16:15 ----------

Quote:
Originally Posted by Hugh View Post
tbf, that was after decades of corrupt right-wing military dictatorship, so it didn’t start off in the soundest of footings...

(I think Venezuela "Socialism" is just another chapter in the corrupt governments of that part of South/Central America, with the label changing, but corruption reigning supreme...).
The right wing government was not a good example, it is true, but the present Venezualan government has been remarkably unsuccessful at running the country on socialist lines. In fact, not a single socialist country that has abandoned capitalist ideals has ever been successful. Capitalism may not be perfect, but it has not been the utter disaster that socialism has.

I am hopeful that one day, someone will find the ideal mix of capitalism and socialism that actually works well.
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