You are reading a single comment by @gbj_tester and its replies. Click here to read the full conversation.
  • Hmmm, I'd rather keep profits out of the providing of things which are the proper domain of the public sector.

  • things which are the proper domain of the public sector

    The division in politics is over what that set consists of. For my money, Hayek is a bit too much of a socialist :) In any case, it is not necessary for private sector to mean the extraction of profit. If a not for profit health insurer (or school, or library, or bicycle factory or any other of myriad things the communists think are too important to be left to the choice of citizens) does a better job than a for profit one, the former will put the latter out of business.

  • In any case, it is not necessary for private sector to mean the extraction of profit

    True, but it almost always does, to the detriment of the majority of people and comes with a bunch of socialised costs not borne by the private companies.

About

Avatar for gbj_tester @gbj_tester started