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   iced depresso (icedquinn@blob.cat)'s status on Saturday, 27-Jun-2026 04:46:53 JST iced depresso

   in reply to

   • Martin Rundkvist
   @mrundkvist deming put it the best: private capital is about competitive efficiency, public is about access.
   
   (he was also the quality control guy so his idea of efficiency was just making perfect products, so, idk he was something else)
   • Embed this notice
     Martin Rundkvist (mrundkvist@archaeo.social)'s status on Saturday, 27-Jun-2026 04:46:54 JST Martin Rundkvist

     in reply to

     If you think I'm exaggerating, think about it.

     What is the incentive for a private company to fulfil every detail of the contract?

     Only your monitoring. If nobody can tell whether they have done what you paid them to do, then it is economically rational not to do it. Avoiding that expense goes straight to the company's annual profit.

     #capitalism

   • Embed this notice
     Martin Rundkvist (mrundkvist@archaeo.social)'s status on Saturday, 27-Jun-2026 04:46:56 JST Martin Rundkvist

     Hey private enterprise enthusiasts. You believe that the public sector can save money by handing over utilities to companies, which are inherently more efficient.

     Here's why this doesn't work.

     You have to pay someone to monitor the private companies. Because they have no incentive to deliver what they promised. They always cut corners in the name of profit. And that monitoring eats the savings you hoped for. While you have no control over your utilities.

     #capitalism