politics

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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Power consolidation=evil.

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.

“No direct incentive to provide good education” 

> of course there is, in a free market, you’d have to compete on merit, results, student experience. your claim is outlandish.

“Objective function = profit”

>> ??? What

take a break from commiemaxxing, it was cute when you were 14, mostly weird now. as i said yesterday go explore the data and compare with your centrally planned places (ourworldindata.org)

No, there is no direct incentive to provide good education. Objective function = profit. If good education is a variable that increases profits, great, but it doesn't have to be (and it isn't in reality either). Hence the widespread corruption across privatized education everywhere.

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where did you summon that statement from? 

how is that your interpretation of what it says? 

😂

so beatiful.. only rich people could study.. what a beautiful world..