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Chainleft
@chainleft
Classic case for capitalism is that it'll usually win in the shortest terms. For example. you privatize education, so less tax burden on citizens. Of course by turning your education into a profit-machine, you're changing the objective function of your system. Over time, your system will optimize for profit instead of the optimizing for better education. Same applies to reducing protections for health, food, family programs, etc. What I'm saying is, starting from the same point, invisible hand cannot compete with planned systems on longer periods.
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Spaceman Spiff 🎩🍖
@spaceman-spiff
Would love for anyone who disagrees to explain health care costs in the states vs the rest of the developed world.
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thoughtcrimeboss
@thoughtcrimeboss
Imagine if public education actually optimized for better education instead of optimizing for teachers unions and producing obedient slaves. If public education worked, the massive increase in spending over the years would at the very least keep test scores steady rather than produce the decline we have seen! Sure there are issues with a purely for profit model, but we know having the Government in charge of education is proven not to work by the data, so we need a new system whether it be a fully for profit model or a hybrid. Anything is better than what we already know doesn't work
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Catabolismo
@catabolismo
I guess planned systems need effective feedback loops to work well too.
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littleshrimp
@littleshrimp
/microsub tip: 🍖x366
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Stuart
@olystuart
/microsub tip: 🍖x181
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Locked In (On Fire)
@warezow.eth
Privatising education is not about less taxation on citizens lol. It’s about efficiency, results and teaching things that matter (and have it compete). You say that power consolidation is evil but actually end up advocating for it. Many such cases.
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Locked In (On Fire)
@warezow.eth
Profit comes only if you provide something that people want. That’s why capitalism is beautiful. So the capitalist schools would, in “optimising for profit”, actually optimise in providing a good education (which I assume is what most people want), thereby making them profitable. Otherwise they’d go bankrupt and seize to exist.
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tokenfox
@tokenfox.eth
Accurate
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logonaut.eth 🎩 ツ ↑ 🍖
@logonaut.eth
/microsub tip: 🍖x2549
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