Quote:
Originally Posted by solomon
Could you explain what that flaw is? Cause as much as I hate to admit it, it is hard to name a government overseen organization that does things better than the private sector.
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Vexx elaborated the reason eloquently.
If I were to add as Vexx also posted, projects with massive startup costs like social infrastructure will not be possible by the private sector.
There are also business like trash collection, waste water treatment that needs to be heavily regulated because private sectors may cut corners to obtain maximum profit with little safegaurd to health and/or enviorment.
Capitalism's main objective is to pursue profit which may go against the required need of public service. In these cases capitalism fails because it is interlocked into a self-contradicting position.