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I hate to say I told you so...
Comments
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grizzly1911 wrote: »Or private sector profit = public sector inefficiency both cost the same to the taxpayer just ideologically different "recipients".
The difference is private sector profits are generated from the publics willingness to allow that profit. In a competitive industry profits will be low because consumers choose the lowest priced. But for companies like Apple, they make profits because the masses are willing to buy their products for prices well above their cost, even though there are good alternatives available for cheaper.
Conversely, the public sector is not optional and spending is forced on the public via taxes.Faith, hope, charity, these three; but the greatest of these is charity.0 -
We do get to vote. What is it about democracy that you don't understand?Conversely, the public sector is not optional and spending is forced on the public via taxes."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
Capitalism is dead.
Any system reliant on greed is doomed to failure.
Errr, I don't thinking bailing out private institutions is capitalism my friend. It's the very definition of socialism!
What you call "greed" I call "rewarding success".
The side of the fence you fall on is purely dependent on whether you are the one being successful.The J is a Financial Advisor-This site doesn't check anyone's status and as such any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Always seek professional advice.0 -
The difference is private sector profits are generated from the publics willingness to allow that profit. In a competitive industry profits will be low because consumers choose the lowest priced. But for companies like Apple, they make profits because the masses are willing to buy their products for prices well above their cost, even though there are good alternatives available for cheaper.
Conversely, the public sector is not optional and spending is forced on the public via taxes.
If it is services that have to be provided by the public purse with direct or via privatisation then it still costs the same to the taxpayer and we don't have a choice.
If someone wants to choose between an ipad or an amstrad that's up to them I agree."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0
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