Comments by "Gabor Rajnai" (@gaborrajnai6213) on "Sabine Hossenfelder" channel.

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  4. The problem is that you dont understand what capitalism is. I will help you out, it has to do something with capital. So if that capital is pushed to the economy by the state, well, that is what you could call socialism. If private capital would be effective you wouldnt talk about taxes need to be pushed into some project, which is in other words capital gained and redistributed by the state. That point in essence proves that private capital was in this case less effective than state capital. Cold logic. But it could be derived essentially why private capital is desired by some political groups, it has nothing to do with efficiency, or progress. Has to do more, that democratic political systems are by definition can be held accountable, while private enterprizes dont. If a politician gives the control of basic utilities to his son, that is called nepotism. If the same basic utility is given by a capitalist to his son, thats a private business. If a public owned company creates debt, its a scandal, if a private owned company creates debt, it is a private business, if it goes into bankrupcy it can be bailed out to save some workplaces. If a plotical group makes a disinformation campaign to further their interest, it is lying, if it is done by a petrol company, thats an understandable commercial. If NASA blows up a single rocket from taxpayers money, its incompetence, if Musk blows up 10 rockets from government money, its learning on the fly. By privatizing companies the political class is giving away its basic responsibilities to people, who can do as they pleased to do without any responsibility to the public. They dont even risk their capital anymore, because they are fed by a bizarre welfare system, which supports the rich.
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