Comments by "Nattygsbord" (@nattygsbord) on "Private Sector vs. Public Sector" video.

  1. Mail only gets delievered in areas where its profitable to do so, while rest have to do without... even if it might harm society at large. Railroads only have trains driving certain times and certain places.. while ignoring good transportation troughout the country all day so people can't travel or get to work at a reasonable time. Maintance costs is also minimized to keep profits up, which in turn results bad safety and accidents that cause deleys, which makes customers choosing to drive instead when trains are too unreliable to keep in schedule. Letting the private sector handling the military and applying lean production leads to constant shortages of ammunition and supplies... which makes an army hugely ineffective. Running an army like a corporation also makes it ineffecient, since will focus on killratios, number of sorties flown etc, while ignoring all other more important aspects of war. The failure at Vietnam is great example. United States have the most expensive healthcare in the world, but doesn't perfom any better than it's poor Cuban neighbour where the average person just earns 1/25 of what the average Joe in America makes. Drugcompanies systematically lies about the effectiveness of drugs and cover up the negative sideeffects. And when success is only measured in profits, the quality of healthcare will suck as a result, because the number of hospital beds and healthcare workers will be minimized in relation to the number patients. The personel gets overworked (and thereby perform less) and the patients feel unsatisfied when nobody haves time to listen to their problems. And the problem with private schools and cleaning services in schools and hospitals are the same: You can only maximize the profits by understaffing. And having the private sector run the energy grid usally ends up in Enrons and Oligopolies that push up prices up prices high to keep up profits. That in turn will result in less money over for the consumpers to spend on consuming goods that create jobs, and the high energy prices will impose extra costs on the industry in your country and make it less competative internationally. If the government can't pick winners, then how come that Singapore Airlines is the highest ranked Airlines? And that Renault and Embraer was government owned for most of the post WWII period? Or that the Brazilian Development Bank makes more profits than most private banks in Brazil? Furthermore am I not convinced that the present model of capitalism is the best, since it is a high cost economy where labour is taxed instead of capital. Where people are paid less and are more indebted so they got less money to spend to keep consumtion demand up, so companies get interested in hiring and investing. We have a high cost economy instead of a low cost economy. Companies buy up other companies with borrowed money, at that money needs to get repaid with interest, so the bought company needs to get plundered to pay the debts. Then the company gets plundered to pay for dividends and ridiculously high CEO salaries and stock options for the board of directors. And behind this crap is an also an ideology that assumes that perfect competion exists, despite its criterias almost never are meet.
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