Wild red herring fallacy, I’ll bite.
The private sector is indeed filled with lots of inefficiencies, but due to the profit motive and presence of competition, there’s massive incentives to correct those inefficiencies slowly over time. You'll make more profit doing so!
Hence, the private sector is constantly self correcting itself and becoming more efficient via creative destruction. You can just look at the numbers, even the Chinese Communist Party understand this. Turns out the profit motive combined with competitive instincts of humans results in a consistently greater good.
Not sure you’re aware, but the government doesn’t do that. Hence why the US is massively indebted. Unfortunately the US debtors aren’t doing so great these days so it can’t continue even at current rates. Instead of DOGE they should have named it “The department of not finding the level of US debt that leads to currency debasement and collapse.”
I never thought I’d need to explain the elementary school 101 of why communism is bad and why debt is not endless on HN but apparently this place is turning into Reddit.
The private sector is indeed filled with lots of inefficiencies, but due to the profit motive and presence of competition, there’s massive incentives to correct those inefficiencies slowly over time. You'll make more profit doing so!
Hence, the private sector is constantly self correcting itself and becoming more efficient via creative destruction. You can just look at the numbers, even the Chinese Communist Party understand this. Turns out the profit motive combined with competitive instincts of humans results in a consistently greater good.
Not sure you’re aware, but the government doesn’t do that. Hence why the US is massively indebted. Unfortunately the US debtors aren’t doing so great these days so it can’t continue even at current rates. Instead of DOGE they should have named it “The department of not finding the level of US debt that leads to currency debasement and collapse.”
I never thought I’d need to explain the elementary school 101 of why communism is bad and why debt is not endless on HN but apparently this place is turning into Reddit.