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Turns out all that happened was the rich benefitted and the poor suffered. Who'da thought? (media.kbin.social)

submitted 1 year ago by [email protected] to c/politicalmemes

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[–] lanolinoil -5 points 1 year ago* (last edited 1 year ago) (1 children)

I'm not denying we do live in a special corrupt time, but government is inherently inefficient due to its scope and wage pressure from private industry 1

Changes in real world wage movements across sectors account for about a third of the rise in the cost of U.S. government services between 1959 and 1989, while relatively slower productivity in the public sector acccounts for the remaining two-thirds. Even though it is slower, however, the productivity record still is positive even in the labor intensive government sector. Consequently Baumol argues that the public's likely future objection to necessary increases in the share of expenditures over the next 50 years will betray a fiscal illusion unless policymakers take pains to dissolve it.

[–] [email protected] 7 points 1 year ago (2 children)

Private industry is also super inefficient, and then cuts massive corners on everything.

[–] [email protected] 9 points 1 year ago (1 children)

the reason private industry doesn't have the reputation for inefficiency that government has is nothing to do with private industry's actual efficiency. It's a combination of the fact that most of the decisions private companies make are behind closed doors whereas government stuff is public and something I call selective collectivism, which is to say that when government fucks up that's a reflection on government as a whole but when private industry fucks up we only fault that individual company and not private industry as a whole.

[–] hglman 6 points 1 year ago (1 children)

It's a magic feature of capitalism, the ability to convince people that any failure is limited to a single entity.

[–] PostmodernPythia 1 points 1 year ago (1 children)

It’s why so many people underestimate the deaths attributable to capitalism. We all know where the buck stopped under Stalin. In the contemporary US, who is responsible when people die in underregulated workplaces or the equivalent? Is it the state? The company? The industry? We can’t decide, but we don’t blame capitalism, even if that structure drives the suffering.

[–] [email protected] 2 points 1 year ago (1 children)

hell, if we're gonna be historical about it why is the USSR and communism as a whole responsible for the Ukraine famine but capitalism isn's responsible for the Irish or Bengali famines? About 5 million dead between the two of them, all due to decisions by capitalist-democratic-imperialist governments. But that just doesn't count because we don't talk about it.

[–] PostmodernPythia 1 points 1 year ago

100%

[–] hopelessbyanxiety 5 points 1 year ago

average health care company: proceeds to spend mammoth quantity of resources on advertising, especially for drugs