By that logic all food production and distribution should not be privatized because is should be for the public good rather then the profit of the few.
There are are arguments to be made about private or public but that logic makes no sense.
Some system that have many private aspects outperform other public systems and the other way around. And even in a public system many people will profit as many of the companies that are your suppliers are still for profit.
> By that logic all food production and distribution should not be privatized because is should be for the public good rather then the profit of the few.
Sounds like good logic to me, at least for essentials!
If you want to make the argument that anything that is essential should be publicly owned you can make that argument. But I would suggest if you want to make that argument 'nobody should make profit' shouldn't be the relevant argument. The argument should be 'this is how we can solve X problem efficiently'.
Okay: it’s obviously inefficient for some people to collect profit on essential services where competition is meaningless. That money should be going to improving the service for all, or paying the workers better, or ideally both. It would be more efficient to collectively organise food, shelter, healthcare, and other natural monopolies. Market competition can be for non-essentials where some inefficiency is acceptable.
No its not 'obviously inefficient'. And just asserting competition is 'meaningless' isn't actually an argument.
Neither food, nor shelter, nor healthcare are natural monopolies. As evidence by the fact that non of them are remotely monopolistic in places where there are no restrictions. Monopolies in these sectors are created and enforced by the state. Unless you are using a completely different definition from all economists.
Ironically major shops sell stables such as rice below price or at basically 0 margin, just to get people into the store where they might buy something of higher margin.
osmukka · · focus · HN ↗
panick21_ · · focus · HN ↗
There are are arguments to be made about private or public but that logic makes no sense.
Some system that have many private aspects outperform other public systems and the other way around. And even in a public system many people will profit as many of the companies that are your suppliers are still for profit.
dwb · · focus · HN ↗
Sounds like good logic to me, at least for essentials!
panick21_ · · focus · HN ↗
dwb · · focus · HN ↗
panick21_ · · focus · HN ↗
Neither food, nor shelter, nor healthcare are natural monopolies. As evidence by the fact that non of them are remotely monopolistic in places where there are no restrictions. Monopolies in these sectors are created and enforced by the state. Unless you are using a completely different definition from all economists.
Ironically major shops sell stables such as rice below price or at basically 0 margin, just to get people into the store where they might buy something of higher margin.