Comments by "HomerOJSimpson" (@Homer-OJ-Simpson) on "France's Economy is Doing Way Better than Europe... Why?" video.

@idraote what?? You’re right about Singapore but it’s completely wrong to say South Korea is defacto dictatorship given its a true democracy and they have jailed presidents.
6
@XMysticHerox well said. But that doesn’t mean infrastructure, healthcare, energy need to be completely government owned — they can be mix public private or even private so long as heavily regulated. That’s why Italy has a private high speed rail, most European countries use some form of private healthcare (either hospitals, insurance, etc) and why many countries also offer private school (although in England they actual call it public school when it’s not run by the government).
3
@XMysticHerox why though? Your suggesting the European countries that have mixed private business within healthcare, infrastructure, and education are wrong? I’ve taken the private company high speed rail in Italy and it was better than the state. Not by much but it was better. And you put it into private hands but heavily regulate it. - you give incentives to the company to innovate while also regulating it heavily so it accomplishes what you want. This is also why many energy companies are often partly public and partly private such as Frances nuclear companies before france bought it out completely or norways oil and gas company
1
@XMysticHerox “Equinor ASA (formerly Statoil and StatoilHydro) is a Norwegian state-owned multinational energy company headquartered in Stavanger. It is primarily a petroleum company, operating in 36 countries with additional investments in renewable energy. In the 2020 Forbes Global 2000, Equinor was ranked as the 169th-largest public company in the world….As of 2017, the Government of Norway is the largest shareholder with 67% of the shares, while the rest is public stock.”
1
@XMysticHerox private but extremely regulated is an admission that 100% government owned doesn’t work. How do you that conclusion instead?
1
@XMysticHerox but if state owned is clearly the right way, why do so many have only partially state owned or private but highly regulated?
1
@XMysticHerox but your assuming the best ones were 100% public. Why did Norway make their 100% government owned oil company Statoil a private company in 2001?
1
@XMysticHerox so then where it’s all public, it’s just a leftist government.
1
@XMysticHerox so you’re argument is leftist governments to 100% public sector? That’s your argument?
1
@theencoder1575 How does France compare to Germany? It seems they are both mixed economy but Germany with less heavy government control?
1
@theencoder1575 interesting. Thanks for the feedback / reply
1
Esphaeras Praestans most nations have some levels of privatization energy and it helps a lot. But it’s not treated like a regular industry but like healthcare in Europe— heavily regulated with lots of government involved in it.
1
Esphaeras Praestans most countries use a partial private - public model for energy. You mention “ you are basically exposed economies to fluctuations that have disasters consequences”. Well, that’s what it’s highly regulated. Put price caps or profit margin caps. This has worked well because it takes the business of operating the industry away from the government and gives to the a company but it is highly regulated so that the company will have to appease the government. In addition, it allows for more innovation in the industry. Lastly, if prices go up due to outside sources, the consumer is still paying that costs either though the bill (private model) or higher taxes (to pay for the higher costs energy). The fix for the private is if it goes too crazy, the government can subsidize company on the increased cost thus keeping the bills capped to the consumer and what’s left to over the rising cost will be subsidized by the government. There are fixes to all your concerns and they already exist.
1
Esphaeras Praestans they exist in most economies, including Europe. I agree that Private entities will always seek to maximize their profits which is great so long as you regulate them which is what europe does.
1