Thread: The state benefits system mega-thread.
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Old 22-08-2019, 10:38   #2298
OLD BOY
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Re: The state benefits system mega-thread.
Quote:
Originally Posted by jfman View Post
Ask £5000 a year commuters if privatisation and increased competition lowered prices.
The high level of fares is explained by the fact that the government decided that rail users should pay more than the non-rail using taxpayer to fund the modernisation of the railways after many decades of neglect.

As an economist, you should be explaining that to us, not the other way around!

---------- Post added at 10:38 ---------- Previous post was at 10:33 ----------

Quote:
Originally Posted by jfman View Post
Why would they not seek to save on expenditure? It’s money they could spend elsewhere. Infrastructure, health, social care?

What we know is capitalism is happy to let people die in the pursuit of profits. Pharmaceuticals 101. Limit supply, push prices up.
That's an absurd analysis. Capitalism has the effect of reducing costs. Governments are well known for wasting money. Nationalised industries are inefficient. Everyone knows that.
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