9
you are viewing a single comment's thread
view the rest of the comments
[-] HubertManne@piefed.social 1 points 2 weeks ago

I don't think any economy should be either/or. Things where you can't really have competition, or just plain don't, or are just to darn important. Should be state run. Healthcare, education, utilities, infrastructure for sure. Even things done in the private market should be well regulated. You also need a populace where the average have a decent amount of discrecionary income as they need to make decisions on what best to buy, not what they can afford.

[-] furrowsofar@beehaw.org 1 points 4 days ago* (last edited 4 days ago)

Exactly. Some services are natural for commercial entities. Things with high consumer elasticity, low barrier to entry, and a lot of competition. There are things that are better governmental or well regulated monopoly or near monopoly businesses. These are things with low elasticity, high barriers to entry, and no or low competition. There are also things that governments have low risk when investing, and where competitive organizations have high risk when investing. Anyone of things one specific model best covers everything is delusional.

this post was submitted on 13 Oct 2026
9 points (80.0% liked)

No Stupid Questions

4441 readers
54 users here now

There is no such thing as a Stupid Question!

Don't be embarrassed of your curiosity; everyone has questions that they may feel uncomfortable asking certain people, so this place gives you a nice area not to be judged about asking it. Everyone here is willing to help.


Reminder that the rules for lemmy.ca still apply!


Thanks for reading all of this, even if you didn't read all of this, and your eye started somewhere else, have a watermelon slice ๐Ÿ‰.


founded 4 years ago
MODERATORS