Vitalik Buterin pfp
Vitalik Buterin
@vitalik.eth
Is there a name for the type of government where the government pursues consumer protection, antitrust, etc policy by directly running one competitor in every important industry, instead of making rules for every participant?
35 replies
43 recasts
184 reactions
dcposch.eth pfp
dcposch.eth
@dcposch.eth
in healthcare they call it the public option
0 reply
0 recast
17 reactions
Venkatesh Rao ☀️ pfp
Venkatesh Rao ☀️
@vgr
Why would you expect this to work? State-run enterprises are not exactly great vehicles for creating competitive pressure
5 replies
1 recast
7 reactions
padpad pfp
padpad
@padpad
https://en.m.wikipedia.org/wiki/State_capitalism
1 reply
0 recast
6 reactions
phil pfp
phil
@phil
Related: this excellent piece from Matt Levine “There’s a Money Stuff for that” is the new “Simpsons did it” https://www.bloomberg.com/news/newsletters/2020-07-23/money-stuff-you-don-t-need-profits-anymore
0 reply
0 recast
5 reactions
1982.eth pfp
1982.eth
@1982
had no idea, so asked LLaMa: There isn't a specific name for the type of government you described [...] The approach you mentioned, where the government runs one competitor in every important industry, is sometimes referred to as a "public enterprise" or "state-owned enterprise" model.
0 reply
0 recast
3 reactions
Minh Do pfp
Minh Do
@minh
Is the idea here that the government forces the private industry to compete with more integrity?
1 reply
0 recast
2 reactions
🥀 Mañana Unlimited 🌹 pfp
🥀 Mañana Unlimited 🌹
@zachharris
Think there’s a network state called BRIC kinda sorta doing that.
0 reply
0 recast
2 reactions
Colin Johnson pfp
Colin Johnson
@cojo.eth
@survey should the government create a competitive entity in some industries?
1 reply
0 recast
2 reactions
Lord Yhwach pfp
Lord Yhwach
@yhwach
1 reply
0 recast
1 reaction
Aaron Ferguson pfp
Aaron Ferguson
@aaronrferguson.eth
Not sure, but tbh that sounds like an efficiency nightmare. I’d rather see governments rely less on private sector for things that make far more sense being under a ministry umbrella. For example - infrastructure construction and road repair. No incentive for quality roads if pvt company gets the annual contract
1 reply
0 recast
1 reaction
Simon Anderson pfp
Simon Anderson
@sa
Health care with the VA? Maybe utilities in some areas? That's not exactly a type of government, though.
1 reply
0 recast
0 reaction
Steve pfp
Steve
@steve
Is this an appchain dis?
0 reply
0 recast
0 reaction
vrypan.eth pfp
vrypan.eth
@vrypan.eth
Rainbow Unicorn, imho
0 reply
0 recast
0 reaction
Nico Gallardo pfp
Nico Gallardo
@nicnode
neoliberalism? lol
0 reply
0 recast
0 reaction
Pete The Eth 🟨 pfp
Pete The Eth 🟨
@petethe.eth
Talk yo shit 👀
0 reply
0 recast
0 reaction
Tushar Soni pfp
Tushar Soni
@tusharsoni.eth
India tends to do both - competitor + rules. Off the top of my head, there are/have been gov competitors in oil, telecom, air travel, mining. This is in addition to a healthy competitive landscape
0 reply
0 recast
0 reaction
JRegis pfp
JRegis
@jregis
Socialismo Moreno, ou Latin Socialism
1 reply
0 recast
0 reaction
Marius Scurtescu pfp
Marius Scurtescu
@marius
The government run competitor would have a huge advantage. Looking at the amount of lobbying, corruption and industry capture an impartial government looks more and more like a daydream.
0 reply
0 recast
0 reaction
Sid Ravikumar pfp
Sid Ravikumar
@sidravi
The closest term I can think of is Market Interventionism. But a good term could be Competitive State Capitalism or Public Private Competition Model.
0 reply
0 recast
0 reaction