Too bad it's being exported everywhere
More things are denationalized so private companies now have the responsibility but also the revenue (like "Autobahn" or some time ago the post).
When I understand it correctly those where initially financed by public money so it seems like this investment is now being absorbed by the companies overtaking the business.
Accordingly there are strong voices who demand less control of the economy by the government.
I think they had a good system running (look at the numbers) and now they destroy that by adopting the ideas of the US-system.
That ends up including things like utilities, but also most of the US automotive industry, banks, etc. (It also requires the listener to have an understanding of expected value, and other basic statistics.)
“socialized losses, private profits” seems to include any government spending that benefits society, such as public ownership and funding of roads, but private shipping companies (and all the industries that rely on them) profiting from their existence.
This isn’t about anti government sentiment, it’s about pro abuse of government sentiment to use the force of law to push your morality on others.
At least unless you weirdly classify Obama as anti government.
It is a shortening of “corporate fascism”, and is the idea that the government exists to protect the economy, which is best done by strengthening existing power structures that power the current economic system.
Therefore the government should defer to corporations whenever possible.
Jim Crow, Watergate, Catholic priest abuse scandals, regulatory failure in 2008, too big to fail, gerrymandering, police involved shootings, Hurricane Katrina flooding, Keystone Pipeline leaks, ...
And, yes, it happens in local markets too: taxi medallion systems, overzealous zoning, local corruption, running Amazon out of Queens, and so on.
We could call skepticism fanatical, but that dismisses some pretty substantive history and current events regarding government corruption and incompetence.
Never attribute to incompetence that which can be adequately explained by corruption.-Upton Sinclair
Let the government flex its muscles without artificial constraint, and watch how fast the market has to rein itself in to remain competitive.
The reason Medicare is loathed, is because Medicare has a mandate to not excessively spend, and it's pricing is actually determined by people with the public interest in mind first and foremost, as well as having its pricing accessible as a matter of public record instead of being hidden away in a locked filing cabinet somewhere.
The combination of those two factors are a powerful tool for shaping an industry away from "make as much money as possible while providing a service" to "provide as much service as possible while the money holds out".
It is a subtle, yet important difference.
Unlike with insurers where price gouging becomes viable.
I mean, if an engineer is assigned to a project, what else is he/she meant to do?
You can build gigantic multinational corporations, disrupt all kinds of industries, change significant parts of people's lives with tech all written with code and rules and regulations but somehow making a well-functioning country is too hard, even when there's well-working smaller prototypes available to learn from.