Is it worse than private companies leveraging their dominance and effective monopoly to impose demands on all who depend on the critical infrastructure they provide, sidestepping all legislative processes and accountability to the public?
Besides, a corrupt government can just as well abuse regulatory powers to impose its will on private companies, since it doesn’t have to observe due process. A sane government, however, will have less power to force a private company to do business it doesn’t want to.
Privatisation is no protection against corruption, but a hurdle for public oversight. There are sectors where that is acceptable and the flexibility it provides may be worthwhile, but infrastructure isn’t one of them.
At least the private company would act in their own interest to preserve profits. Trump will gladly blow the whole thing up regardless of consequences just to feed his ego. Like with the tariffs.
Not an american but personally i would most definitely prefer an absolute fuckwad with little self control in charge than an evil mastermind entity hellbent on squeezing me for every cent.
The former is too stupid not to ruin his lever of power, which would cause the system to decentralize and/or contribute to said fuckwad’s downfall. The latter employs a huge amount of people specifically trained to maintain and increase the amount of profits extracted while maintaining their stranglehold.
So then you do understand how having our transactions controlled by the government is a bad thing?
Is it worse than private companies leveraging their dominance and effective monopoly to impose demands on all who depend on the critical infrastructure they provide, sidestepping all legislative processes and accountability to the public?
Besides, a corrupt government can just as well abuse regulatory powers to impose its will on private companies, since it doesn’t have to observe due process. A sane government, however, will have less power to force a private company to do business it doesn’t want to.
Privatisation is no protection against corruption, but a hurdle for public oversight. There are sectors where that is acceptable and the flexibility it provides may be worthwhile, but infrastructure isn’t one of them.
As opposed to a private for-profit company run by friends of the people in government?
At least the private company would act in their own interest to preserve profits. Trump will gladly blow the whole thing up regardless of consequences just to feed his ego. Like with the tariffs.
Not an american but personally i would most definitely prefer an absolute fuckwad with little self control in charge than an evil mastermind entity hellbent on squeezing me for every cent.
The former is too stupid not to ruin his lever of power, which would cause the system to decentralize and/or contribute to said fuckwad’s downfall. The latter employs a huge amount of people specifically trained to maintain and increase the amount of profits extracted while maintaining their stranglehold.