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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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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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J. Valeska 🦊🎩🫂
@jvaleska.eth
so beatiful.. only rich people could study.. what a beautiful world..
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Locked In (On Fire)
@warezow.eth
where did you summon that statement from? how is that your interpretation of what it says? 😂
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J. Valeska 🦊🎩🫂
@jvaleska.eth
if schools are for profit and the best ones, providing the best education, are the most profitable following your previous cast.. how poor people could afford a for profit school? how poor people could afford the better schools? how poor people could stop being poor with no education? you have no way to answer to that.. they need money and they don't have it
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Locked In (On Fire)
@warezow.eth
There will always be products that are priced higher because the quality is better. A better quality school should be priced higher than a bad school. However — much thanks to capitalism and through competition —if a great school has a specific way of working, another school can copy their way of doing business but charge slightly lower price. And on it goes. Eventually everyone (maybe not those who shouldn’t run schools in the first place) will get access to competitive schooling. The same thing applies for all types of products, markets and services. If you have school system that is free for all (ie no competition, centralised school plans), they all just generally start to suck — but they do so equally *yay*!!! I don’t have an obsession with equality of outcome. I think seeking profit for shareholders is a good thing, most of the time.
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