this post was submitted on 28 Sep 2024
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I get your point, but I have trouble understanding how acting in the public interest and charging over operating costs can be compatible, especially in public service areas like hospitals/medicine and education.
Did you read the article I linked?
Here's the part that should've answered your question:
"Enabling shareholders to profit was seen as a means to that end."
Right, that's the part I take issue with. Why is there a profit on a public good?
I agree with all of the restrictions in place, but those have gotten weaker over time, when they should've gotten more restrictive. The problem with allowing them to profit is that over time, the profit gives them more bargaining power which allows them to erode the oversight and avoid all consequences for breaking the regulations.