this post was submitted on 18 Aug 2023
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GenZedong

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[–] [email protected] 48 points 1 year ago (2 children)

Thing is that it can in the early stages which is how people end up getting tricked. Private industry starts undercutting public services to get a foothold, and then once they become entrenched then the quality of service goes down and price goes up.

[–] [email protected] 22 points 1 year ago

Financialization is basically this. The trick is to have the financial runway to capture market share. Customers buy-in because it's the best deal (temporarily). This is why walled-gardens exist in tons of places for seemingly no benefit. The benefit is locking in the customers to your 'ecosystem' or whatever.

[–] [email protected] 19 points 1 year ago (1 children)

And by the time you've bought the bridge, there's nobody else offering a similar service with which to compare prices so the scam goes on and on until the infrastructure collapses under the weight of zero maintenance under the privatised model.

[–] [email protected] 10 points 1 year ago

Yes but what if there were 20+ bridges all competing for your traffic in a truly free market? In fact why do we need bridges anyway the free market should just pave over rivers for more freedom