Fayd wrote:because private sector will only invest where there's potential profit, whereas public spends towards a dead end. it's almost always a more efficient allocation of resources.
"The problem that the libertarians miss is that the interests of the corporation align with those of the population very rarely. Somehow, it's not particularly reassuring when you are being exploited to know that the exploitation is happening very efficiently. Someone working inefficiently on your behalf is usually better than someone working efficiently against you."
^ Nice quote from a Slashdot discussion I read the other day that touches on this.
Fayd wrote:greedy = self interested. what's wrong with that? people pursue what's best for them. not taking into account the fact that people respond to incentives is the primary reason why communism fails.
It's a game for those who already are rich and powerful. The ones in power gets to decide what everything is worth. Take labor for example. I say it should be worth a lot. But I have no power and those with it says that labor is worth very little.
Labor follows the laws of supply and demand you say? Sure. But those in power controls those laws so they are hardly natural. Look what NAFTA does to many mexican people for example.
Most people shrugs and say "well, that's the way it is" but it doesn't have to be. We have a system that assumes that everyone acts on the principle of greed, but not everyone does. In fact most people don't but the kind of people you will find at the top positions of this system most likely do. And so the system remains in place, until we change it from below, which happens little by little all the time in a constant struggle.
Fayd wrote:philosophy was interesting too. i doubt it comes as any great surprise that my favorite philosopher was machiavelli...
My favorites are Jesus Christ and Noam Chomsky.
Fayd wrote:but game theory is way better. philosophers just bullshit. i have numbers to back up bullshit.
Your numbers are in direct violation of my view of basic human rights. So I have to discard those numbers.
Are you full yet btw? I'm running out of troll feed.