Whenever the government proposes a function that is now done by private industry, the taxpayer will be contributing the necessary capital and operating funds.
And will be taking all the risks that taken on by the stockholders of private industry. As well as responsibility for the losses, which are bound to happen under government operation. Think Post Office and countless other examples.
So be careful of any government attempt to “reduce costs” by competing with private enterprise. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
No comments:
Post a Comment