• beleza pura
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    6 days ago

    not sure if this is bait, but public companies are inherently more efficient per dollar than private companies from the simple fact that they don’t need to waste money paying shareholders

    • UnderpantsWeevil@lemmy.world
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      5 days ago

      public companies are inherently more efficient per dollar than private companies

      So, yes, its bait.

      But a bit more seriously, the Marxian reasoning behind stages of human development more or less requiring capitalism stems from the rapid reinvestment that capitalists enjoy early on when profits are high.

      If you can replicate that reinvestment cycle in the public sector, that’s fantastic. Historically, however, it has been pretty rare to see a population make the jump straight from agrarian aristocracy to industrial socialism.

      • beleza pura
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        5 days ago

        it looks like you’re implying state investment isn’t capitalistic. if that’s the case: capitalism requires state intervention

        • UnderpantsWeevil@lemmy.world
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          5 days ago

          you’re implying state investment isn’t capitalistic.

          State investment isn’t traditionally intended to yield a fiscal profit. Mobilizing the petite bourgeois is harder without the promise of compound growth.

          Capitalism offers an opportunity for rapid expansion of exploitation.

          capitalism requires state intervention

          Inevitably. But to the benefit of the private landlords.