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Just saying (thelemmy.club)
submitted 6 months ago by to c/memes@lemmy.world
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[+] -11 points 6 months ago* (last edited 6 months ago) (6 children)

It's not rhetoric. It's economics 101. Opportunity cost.

A mixture of private and public is best. The Nordics show market socialism done well.

Edit. A mixture allows more spend on more things. Govts can't sell infinite debt

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  • [–] 13 points 6 months ago (1 child)

    Thanks professor. Do you know private debt and state debt are hardly the same? Have you considered the opportunity cost of not having public energy, therefore losing potential "earnings" to private investors? Or are you telling me next that rich people are a necessity as well? Is trickle-down part of this course or do I have to wait for 201?

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  • [–] 2 points 6 months ago (3 children)

    What opportunity?

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  • [–] 1 point 6 months ago (2 children)

    Opportunity cost. If you spend money on one thing, it means you can't spend it on something else

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  • [–] 2 points 6 months ago (1 child)

    Of course. So providing profits to utility “owners” is money stolen from the people that could be more productively used literally anywhere else.

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  • [–] 1 point 6 months ago* (last edited 6 months ago)

    The profits are in return for investment that the government couldn't otherwise do. What's the alternative?

    Also, the private company employs people, they pay income tax.

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