They can't make a profit teaching school without a government subside. Unlike a coal mine you can speed up production with new machinery. They can run many things privately without a government payment or government mandate. USPS can delver a letter anywhere in the US for $.50 and still run in the black. Why because of the drop in subsidized junk mail going over to Email. UPS and FedEx can do the same job for about $9.00 .
@@britishentertainment7610 Are you saying that privatizing schools is a great idea or not? Also, there has been a lot of scummy private colleges which saddle people with debt and give no real job in return. I'm hesitant to privatize schools for that reason. If a mass transit company is bad, you most likely get injured at worst and more likely late. If a school is bad, your education is fucked up by years.
They can but help but get bigger because the capitalist use government taxes to pay as many costs they don't want. They've always got their hands out for those big government contracts.
Short, relevant story - My uncle is a mechanical engineer/technician (old-school)with his own business. He has knowledge that few in his industry have when it comes to fixing things. A government building in the area had a serious issue with one of their machines, there was a government-employed technician (that was employed there for many years) who for months was clueless on how to address the issue. So my uncle was called in. He took a look at it and fixed it within 1 hour. When it was time to pay the bill, my uncle said, that would be 200 euros, the technician's jaw dropped, "you came in here for 1 hour and you expect to get 200 euros??" My uncle replies, "You have been here so many years, getting paid every and you still had no idea how to fix it"
Omg, my Dad have encountered the same thing in Vietnam: the technician at a government construction didn’t know what to do and my Dad figured out what was wrong in less than 30 minutes.
@@TheOtherCiphbruh yep, I think the problem is the incentive structure, being part of a private business you are incentivized to constantly better yourself and in turn produce better and better results. Whereas in government jobs, due to mismanagement you are incentivized to just show up.
The purpose of government today is to regulate greed. The biggest reason for privatising government jobs is to escape pension plan payments. In the private sector bosses have been successful in getting rid of private pension plans. Now they want to do the same thing in the public sector. There are more union workers in the public sector but the supreme court has now decided it is the time to do away with them by ending dues check off. Time to retaliate and ignore any no strike clause in any union contract. They want class war and we should give it to them.
Who will enforce your wage labor exploitation? Will the thugs be private or pubic cops? How does you non aggression theory work now? What will happen to your precious stock market when there are no guards to protect company secrets.
Libertarianism is essentially utopianism. It can't be implemented because it has never been tried and it can't be tried because it has never been implemented. At the end of the day it's just a theory and reason for keeping present day capitalism and implementing austerity measures.
It's funny how the government tries to dismantle monopolies but in turn just create one when they turn the responsibility over to the government. That's just a little secret of theirs that people have failed to recognize.
***** No they can't, freedom and socialism are by definition not compatible. The minute you talk about socialization you are putting forth the proposition of using guns to to take away someones freedom. Also, before you make the mistake as most socialist minded people, I am talking about political freedom, not the freedom from the requirements of reality that everyone is so desperately trying to grant themselves by giving guns to the state.
Immediately when you talk socialism you talk about ending private property. No longer is society cut in half fighting over the division of the value produced and what to do with the surplus value.
You have to be really careful, often "privatize" means sell it to the brother in law of the city council member at a low price with monopoly contract with the city.
Libertarians need to remember that while there certainly CAN be benefits to contracting government jobs to private companies, it's still using money stolen from taxpayers and a monopoly given to the contractor. True liberty would be getting the government out of water/parks/firefighting altogether.
+shamgar001 That's the exact opposite of what libertarians want. Government should not pay for our services with taxes to private companies, that's just government endorsed monopoly. No, we individually decide who we pay for our services.
Minarchist government is the only solution. A government not unnecessarily interfering in private matters of the citizens, but will intervene only when invoked by some aggrieved party, if any.
Privatize everything....there would be no communal property....streets, parks and government buildings....especially schools would become the asset of a private group or citizens and zero taxes on the local level. Where I live if I have to use the cops or firefighters or ambulance I have to pay a fee for the occurrence on which I needed them like civil process and or using someone to put out the fire on top of the taxes I pay. I am getting ripped off.
I remember seeing a Libertarian Party meeting where a guy stripped down to his underpants and did a dance. Libertarians will always want private or government thugs to protect private property to exploit the labor of others. They are just wanna be capitalists who pretend that being rich will somehow make them morally incorruptible.
No it didn't work. Because in prisons they a lot them more money for more prisoners. If they only gave a flat rate for the prision they would have the incentive to rehabilitate and get people out since more prisoners would be cutting into the profit instead of adding to it.
There is a difference between full privatisation, and crony quasi-privatisation, where the management of prisons is given to the companies picked by the government, forced to do business the way the government wants. There is no competition in the latter case, hence it doesn't work well.
>government puts people in jail for even the most minor offences >Unable to keep them in >Takes help of private prisons How exactly it's private sector's fault?
if private companies make a lot of profit offering better services and saving millions of dollars in tax revenues, they deserve it...it seems that it benefits everyone...
The free enterprise system is great when it's restricted to things that are manufactured or services that are performed. When you allow that system to operate ANYTHING else it falls flat on it's face. I'm leaving a lot out so you can think about what it is that it doesn't work so well on.
A monopoly destroys the free enterprise system and prevents it from doing what it does best, Competitive manufacturing makes products cheaper. Anything that doesn't retains that competitive element is not a good candidate for inclusion into the free market. Can you think of the number one thing that over time loses it's competitive edge. As our nation was growing it was plentiful but as the years went on it slowly diminished and we are seeing the effects of that on the economy which is slowly destroying this country. Slowly a monopoly is being created which is making it impossible for a young person to keep up. Soon it will destroy us. few people can see it because you need to study history to realize it.
I think of it in terms of customization. The government, while imperfect, can tend to handle electricity and water somewhat well (granted, this gives an example of failure, and so does Puerto Rico, but generally it's not terrible service). But when they try, say,education, where it's different for each student, they fall flat on their face. Some things work well top down, like company management. Some work bottom up, like supply and demand. In general, government is bad at telling when it should butt out, because top down is their hammer, and when you have a hammer, every problem looks like a nail.
@@SuperSneakySteve 😂😂😂😂 "911! There's a robber in my house! Please hurry!" "Alright sir - wait, your account here says you haven't paid your monthly police bill. Sorry sir, we can't provide law enforcement to clients who don't pay. I wish you best luck, have a good evening." Yeah, just have a private police. It's not like it will get greedier over time and charge monthly bills. Privatize all schools, it's not like education is an absolute essential to survive, everyone will totally hire an adult who never went to school because his family was poor. Might as well privatize healthcare, it's not like having good health is a luxury - oh wait, it is because America treats it's citizens like EA treats it's customers. It's not like the free market never leads to monopolies and those monopolies can eventually charge unreasonable prices. But hey, in the name of "freedom", let's have companies control the things everyone needs and act like those companies exist to provide and not that they exist to acquire PROFIT. Might as well have a fucking feudal country. It's not different when rich control everything.
@@shelovesreaper5679 Lots of companies employ private security. I have them where I work and they are much nicer to work with than the local police department because they ACTUALLY work for me, not like the city cops. There's a clear difference in quality and they actually cost less. Someday when you grow up and get an adult job you'll see the difference too.
@@SuperSneakySteve ooohhh the delusional bastard thinks he knows my age. Private security's job is to protect their employer. The police's job is to protect the public and enforce the law. Since you're delusional, you probably think that if a private military company replaces a city's police, they would protect the public. No, because one, they job is to obey whoever hires them and if a company hires them wants more profit, they can easily charge more from the public for protection. Nobody protects the public in that case. And those private security? It's part of their contract to be nice to people, because you know, they're a company and they want to maintain a good image.
In many cases I could agree. Here in Nassau County, the Nassau Inter-City Express (NICE) bus system is an example of how that DOES NOT work. The problem here is that our bus system doesn't break even. We subsidize it 1/4 the amount of the equivalently-sized system in Westchester County, yet want the same level of service. Our County Executive Ed Mangano got the service privatized, then slashed the subsidy. The result? There's not enough pork in the barrel to keep all the routes running. Viola (the operator) shut down two of the 4 routes in the town, among another dozen routes. Service cuts all over, reduced maintenance of non-county-owned equipment and ridership is falling because of it. The quandary here is that we want to have a system that serves as many people as possible, but makes money. The problem is that those two objectives are mutually exclusive. A profitable bus system wouldn't be this big, and a well-covered service area isn't proftiable.
Flip side of the coin would be the Iowa Pacific Company. Until they retracted due to internal financial troubles, they ran the Hoosier State on behalf of the state of Indiana. They increased service, made 4-star meals in the dining car, provided equipment (which was older, but had just been refurbished and reflected the more lavish 50's era travel than today's economy-everythings) and caused ridership to increase despite not being able to fix much of the schedules or on-time performance (that's a subject for an Amtrak explanation). There was better service, that was closer to profitable, being supplied by a private company. All while Amtrak told them they couldn't afford to operate the service!
compared to their private peers. one of my friends who became a father at 18 hoped to land the state job he applied for. it would be plenty of money to support his new family. sadly he didn’t get it, though he did very easily get a private sector job. many hours and still lots of money. all my public teachers were decked out and most just had a bachelor. one of them even gamed the system and did some dentistry schooling to become more “educated”, and so his salary and benefits rose haha. the PE teachers were the richest compared to the amount of work they did. nice new range rover to the black lady who told middle schoolers to listen to the workout disk and go run. ive no doubt people said oh a black woman so discriminated, but whites in this area were the minority by a landslide (women are not a minority...in fact in china there are too many. on average there’s probably some tiny decimal point percentage more women on earth). ive ranted
Its exactly what President Trump did. When he was a businessman he convinced the NY governement to allow him to finish the ice skating rink and he did it efficiently and before the due date. Privatization always works.
When the private sector lives and dies by the laws of the free market but pays for the public sector with unrealistic salaries, benefits and pensions, it makes no sense. I believe knowing you must perform well or face not getting paid or being fired, is what makes economies strong.
I have two(2) comments. First,I wish the transit system here in Atlanta,Ga. would be privatized. It is run shoddy,service is no where near what it needs to be.Second, Grady Memorial Hospital here in Atlanta has the longest wait times to be seen by a doctor. One time I was taken by ambulance to the ER and waited 22 hours to see a doctor!This was "AFTER" it was privatized-and it is still in debt (about $3-5 MILLION). Privatization doesn't work when you have "BOTH" doctors and nurses just standing around doing"NOTHING" but having conversations about what they are going to do after work or what he/she is wearing on a dinner date etc..... Sometimes it might work-but not others!!
Incentive is better An incentive is something that motivates an individual to perform an action. The study of incentive structures is central to the study of all economic activities (both in terms of individual decision-making and in terms of co-operation and competition within a larger institutional structure).
Military, police, and courts should all be privatized. I understand the Founding Fathers didn’t think that, but to be philosophically consistent, yes, privatize EVERYTHING. And I mean EVERYTHING.
I think there is also a strong psychological component in public vs private: Do you believe in authority/ rules/ holy or do you prefer individual freedom/ following your individual interest? So: are you motivated by serving and authority, obiding the rules (see England: what sense does it make to pay for a king/queen that has de iure absolute power? what sense does it make to join a church and pay money to have a priest authority (example: pope) to tell you what to do? Further: Why be part of a country and pay taxes? Why follow traditions for the sake of traditions? ) or are you motivated by your personal freedom and interests? Both makes sense. In the belief in authority/ rules/ holy case, this authority actually serves as a security: e.g. the government's power is the reason why your rights are untouchable. If there was no governemnt, there would also be no rights. (see Thomas Hobbes, the Leviathan) Governement (whether it is a kingdom or a republic) also wields powers that many think are to dangerous to privatize (like the law). Still, humen also like to do what they want to do. They like their freedom, everybody is a egoist for his/her interests and American cultures empasizes freedom over security. It is this eternal trade off between security and freedom, that ultimately determines the public vs private dispute
Honestly the only thing you should NOT privatize are prisons, as they get an inverse incentive. They often get paid for how many prisoners they take care of, so there's an incentive for them to lobby for more laws and stricter punishments in order to get more and more people into the prison system so they can get more money. However if they change from paying them based on how many prisoners they have, to how they treat the prisoners, then it might change.
As great as this sounds, never forget the captains of industry who when heavily unregulated created poor working conditions to maximize profit. There needs to be a balance.
But they'd get bad service reviews then while im typing from my slave cage so everyone would know to avoid their service! But of course the review service i used isnt widely regarded as most of us slaves dont leave too many reviews with our busy work schedules.
This is a very good look into publicly run industries that I had never even considered privatizing, like public parks. I just goes to show that given the incentive, something could always be made better through private efforts. Now that is not to say I say that there are not some core government services that must be kept public, like fighting wars (real defensive ones, not those for resource gathering) and law enforcement (investigating crimes and punishing criminals), these are core biblical functions of government and should not be left to profit incentives. But everything else sure, why not, makes it cheaper on the taxpayer, eliminating the double tax of paying for the service and the subsidy.
anyone saying that public transport cant be profitable then they need to look at the UK where almost all bus operators are privately operated with mostly commercial services that make a profit or look at Hong Kong where the PRC Government is slowly privatizing MRT the public transport operator for metro services because they turn a profit
If you want a true edifice as to why everything should be privatized, I recommend you read Murray Rothbard and Hans-Hermann Hoppe. They're economists that really make the case for universal private property.
Public city works has to be the saddest thing I've ever seen. Workers drive around aimlessly looking for something to do and often decide to drive slower and do less since they get paid the same no matter what they do. I once saw a city work take at least an hour for lunch, ordered himself a pizza while parked in a church parking lot. You will drive around and see broken sprinklers everywhere and they wont get fixed for weeks if ever. They are the most incompetent workers in the workforce today, they have zero incentive to do a good job or even get the job done.
The public sector doesn't seek to make a profit or answer to shareholders, but you think somehow it's always more expensive. The public sector *is a competitor.* Private companies will lower pay and benefits and raise prices to fulfill their bottom line. The government built the dams in the Pacific Northwest. One dam, Grand Coulee was opposed by private power companies even though the private guys couldn't build one of that scale. And, the Pacific Northwest has the cheapest electricity in the U.S. and about the cleanest.
Also, I don't care who does what, public or private. But once the city starts down the private route, I harbor a fear that private powers could be given the option to buy the asset and thus put it at risk when the new owner finds it has become unprofitable. I wouldn't want Yellowstone to be logged just because day passes are down for the season.
You mentioned WA State going privatized liquor sales. It seemed like a great idea, but now we are 5 times the liquor tax of the national average. This was imposed on the public by the state gov't in retaliation for taking their liquor sales away. It has also called the new taxes "fees" so they can't be voted out. The moral: brew and distill your own in WA.
I'll have to take a look at this private water example to see how they did it, but I'm guessing it must have had different terms than examples of countries such as Bolivia that give exclusive concession to a single company and expect a company will somehow do a better job than government when they don't have competition thanks to government itself.
I think the key is that they bid the contract out so companies have to compete for it, and they are willing to fire a company that does a bad job. Government giving an exclusive contract is just passing government's monopoly to another party, so there is no competition and no reason they will do a better job.
bowserhsu Preferably the government wouldn't try to organize these services at all, but this system of bidding tends to be far more efficient than the government trying to run the whole thing.
Bolivia & most of its neighbors use corporatism instead of free markets to fix their problems. This is just as bad as Socialism. The US Government is just as guilty with how it handles mortgages, banking, healthcare and a few other industries.
In what way is the govt buying a service from somebody a private thing? I don't know what Bolivia did. But what you describe them doing is not privatizing anything.
And in NJ when we privatized DMV , with a company called Parsons we all got shafted. Whitman thought it would be best, but Parsons did not really did a good job. Longer lines, More headaches. Because people did not care for the job they were doing. Because there were less people and they were doing more work and working overtime day after day. It's called understaffed and it saves companies a ton of money... Today, in NJ. only emissions is the only check. In and out under 5 min. What about in one private school teacher who in fact was a registered sex offender. School never did a full back ground check on that teacher?
Imagine if governments maintained 50% (49%) of these utilities. They would be privately run, (efficient) but government received 50% of the revenues? They could then tax much less!
Bidding for the next jet fighter doesn't seem to benefit from this kind of reasoning. We still get massive added costs that government seems too happy to pay.
Unfortunately there is too much corruption in the union of private product and services being contracted by government agencies. Like Halliburton, there are inflated prices and kickbacks.
That may be true...well, it is true..BUT they still beat govt workers with the corruption delta...so it seems that the govt costs more then Corruption PLUS the actual costs in private industry....plus u can fire them. I think transparency is huge, and thats were we can battle things like kickbacks to officials who sway bids...
Kickbacks to private companies from the federal government are illegal. If you have first hand knowledge of such a thing, then report it. Otherwise, you end up spreading false rumor. (slander is also illegal)
There was just a case in April involving NovaDatacorp and Kickbacks...i would recommend google for research...its out there if you take the time to look for it..
I like privatizaion but don't forget Enron. I live in California and the insane electricity prices, that were lies, really hurt us until Enron fell apart under it's own corruption. And many people were hurt financially.
The first thing that corporations would buy in a fully libertarian system would be more government. Don't think, for a second, that our current system doesn't completely represent the needs of the rich.
I don't know if I would agree with you. The Chicago Transit Authority (CTA) pays it's drivers the top pay in the country, but they do a phenomenal job. If they only made a couple bucks more than minimum wage they would suck. Some government jobs should be privatized like cdot, cpd, and streets and sanitation because the workers sit around not doing anything, that's not fair. I don't mind paying the little extra, but I want these people to do their damned job. LoL, they don't let me sit around at any job I ever had.
This all works now, but I'm not sure it would've worked until now. People/owners in the previous centuries were assholes. Now they at least realize that nature and other commons are intrinsically valuable and must be protected, even if monetized.
A monopoly leads to No checks and balances, which leads to CORRUPTION every.... single.... time.... Incentives do matter. When there is no market competition, complacency and laziness sets in, incentives drop and efficiency/quality go down but prices just go up. It’s all backwards but the lazy workers just keep getting better pay and retirement.
@@owlblocksdavid4955 True that, if only we can get less corrupt folks in the gov and it be restored to the size it was in the colonial days, but sadly that'll never happen. Once gov power and greed happens it won't stop.
@@andysvideos8566 I'm of the unpopular opinion that politicians are about the average level of correctness as any American. We can and should elect better politicians. But that requires us to become better people, better educated, and able to run a government or keep one in check.
privatization don't sound bad . government is a racket , kickbacks. union's , nepotism , cronyism . big mafia runs government like an organized crime syndicate . take a look at any major city in this United State's . seems like most city workers are both Italian n Catholic .
Hold the fuck up. I live in Houston TX, I move to apart of town were the water, drain, and sewage is privatise and let me tell y'all it's very expensive compare to the city of Houston providing water and stuff.I get charge 4000 gallons of water use it or not if I go over guess what I pay extra , Customer service sucks they dont care and take your money and you can't complaint he'll you can't even take your business elsewhere because they have that part under control. We're is the innovation making it better and cheaper. You know business don't want a price war fact. If you privatise everything that is pitting the elite in charge and yes it's filthy greedy.
How about the FEDERAL RESERVE privatize that , no wait already is, Congress needs to get rid of that monopoly, u.s treasury department needs to take over that job , but who am i
Lol this isn't about privatize everything, then we would here about private law and private security... It would be a real privatization if it was the people who directly founded the private firms, not having the government taking the money from the people and giving to the firms that is called fascism/corporatism.
I agree with everything you say. Let's give it a shot. It is unfortunate the politicians we have had what is educated as we think they are. they promised everyone everything but we end up with nothing. It's a good idea if they work hard at their job. But I feel like we should get more in a different way. Or maybe this is the way history has written in. But it seems like we had forgotten the past. Keep it up look forward to seeing your ex episode. Sorry I confused you with that other guy.please do not get offended I do not like him either.
11:40 -- Heeeeeeeelll yeah, Big D, that's what I'm talkin' bout :) God bless Texas. One of the last few bastions of common sense and freedom. I'll tell you one thing, the day Texas institutes a state income tax is the day I cease from considering myself a Texan. Hold the lines, boys, hold 'em good and steady; continue to make me proud! Though, what's up with that Bullshit ya'll replaced Common Core with? It's just the same thing re-packaged under a different name. C'mon, ya'll, figure it out and get with the program, ...or should I say, get OUT of the program;) But seriously though, snap to it, ya'll! Like seriously for real >:( NOT cool guys. Ya'll should have seen that one coming. Shame on you.
It's sad that most of Stossels examples are of just straight fascism. The government is just relinquishing responsibility but maintaining ownership. Imagine how much better it would be if these thing were actual privately owned.
The idea of LImited government is no different than the idea of being slightly pregnant. Government is a tumor. Cutting out most of the tumor and leaving behind just a little bit behind is not a great idea... It's lunacy.
You're right in that govt will only inevitably grow larger and larger until it chokes out it's own host, BUT, anarchy only leads to an empty vacuum drawing in power grabs by the ambitious who then simply form their own governments, which one can only bet will make even our current one look like a Godsend, or at the very least, will create perpetual war either with others or amongst themselves in attempting to manifest it. The key is to simply reduce the size of govt in order to get it back to it's proper role, function, and purpose. Now, does this seem likely to happen within our own lifetimes, or even ever? Fuck no. But, WHAT are our other choices? At least if we have something that we can identify and keep in check with at least a certain degree of control and democratic leverage then that is certainly more stable than the utter chaos of total and complete anarchy.
51MontyPython If the key is to keep trying the same thing over and over again and expect different results and in the process screw our descendants to be perpetual slaves to the psychopathic banking cartel that have passed on their human farming plantations to the next banking elite generation after generation... Sorry I won't agree to that. No thanks... I'll chose death rather than accept slavery for me or my children or my children's children.
51MontyPython Multiple governments forming from the abolishment of a central government sounds like a great idea. The monopoly on force should be broken up, and a large number of governments means competition, ensuring higher quality at a lower cost.
We did try to privatize everything, and that was why the government end up with medicare and social security. The private market excel at certain things, but utterly fails at the rest, especially when there is no profit to be made.
I thought about something. After reading and researching the Great Depression (the reason we have SS), and learning that the government is largely responsible for the market failure, government then had the opportunity to sale Social Security. They are evil salesmen. Like bad construction workers installing a bad roof and blaming the structural support of the house for the roofs collapse and being contracted to fix both again.
theDoubleA1245 I'm not sure I understand what you're trying to say. I'm sure I agree with whatever point you're trying to make, but I'm having a hard time understanding what that point is
William Avitt You should know the old myth that the free market/unbridled capitalism caused the Great Depression, while in actuality the government had a large hand in causing the downfall of the economy. Now fast forward to the mid 30's. Because of this so called "market failure", the government needed to set up a cushion or safety net to protect people from drastic economic downturns and prepare people for long term unemployment and retirement. If you understand how the government actually caused the Depression and then blamed it on the free market, the passage of Social Security becomes even that more heinous. Basically they actively destroyed (though not on purpose) the economy to indirectly "sell" Social Security to the people.
Really Mr Stossel! Privatize everything. How is American private health care working for you. No wonder the USA spends a high percentage of its GDP on health care. He really needs to look at the example of water privatization in Bolivia in the late 90s, early 2000s
jackiechan511 Health care is not private in the USA, even before Obamacare, so its not really a valid example. It is and has been one of the most heavily regulated industries in the USA and the price system is deeply corrupted by government payments. For the same reason why the higher education system in the USA keeps increasing price (even during a recession) while cost in every other industry goes down, the more an industry relies on government payments, the more distorted the price. If you want a valid example of how private industry works, look at the computer industry with very minimal government involvement for a comparison of how freedom and competition drives down price and increases innovation.
Dlahusen1 Drug companies and hospitals are privately run. Your right that this sector is heavily regulated but not run by the public/state run. The computer industry in your example is innovative which is fact. Then how about explaining why Microsoft was investigated by the SEC for numerous financial violations and its "monopoly" practices in the 90s.
+jackiechan511 Microsoft had a kind of monopoly because there was no significant competition. That is not corruption per se. Jelous people complaining, I don't give a shit. We had alternatives, free alternatives, but they involved more work, less compatibility, and we chose the better, more expensive option. And were disgrunteled about it. We were dishonest. Heavy regulation in healthcare, add to that regulatory capture, followed by monopoly endorsed by the government. We got doctors voting on licensing commitees on who can open a hospital, or can give healthcare. They do not want more competition that is comfortable to them and dismiss anyone who might challenge them, with lawman by their side. That is not free market system and the state of that system should not be used as an argument against free markets.
Good grief. No.... just... no. Privatising everything is a moronic idea. It comes back to the delusion that the invisible hand of the market knows best. Well, it doesn't. It's just an excuse for greedy executives to increase what they can get away with charging.
Idiot - you've been brainwashed - gov't fucks up everything it touches with bloated inefficiencies - I've been in business 27 years vs. your 1 year in collage We're talking about corporations or companies that are reviewed annually - not corporations who own the president (Clinton/Bush/Obama hand picked cabinets all wall street heads) or corps with unethical relationships with gov't (another thing you need to study for 10000 hours before you comment again)
The "invisible hand" and the market are US. WE are the market. Every time you buy or sell anything, or participate in any economic activity, you are part of the market. So you think that a small elite in Washington knows better than the 300 milion people in this economy making choices for themselves?
Very good post Saul - I would add that small elite (not just exclusive to Washington or American interests) has narrowed the media down to just 5 mega corps tied to international banking / Big Oil / Pharma etc that specialize in manufacturing 'reality' and 'programming' people what to think - what to wear - how to 'feel' and so forth
Since you have yet to respond to the criticism of your argument (or lack thereof), I'm going to assume you realize how full of shit everything is that you've said
@ Dark' you're concept is only based on privatization lacking competetition; study Enron; the epitome of you what believe. Private company with no competition or annual review. To speak in simpler terms: Gov't is a fat self serving pig with no competition that gets nothing done for 4x the cost. /end
![Felix "Unfair" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/Oswujxm2Ag0/mqdefault.jpg)
and Capitalism won again! I wish we should able to privatize public schools and mass transportation.
They can't make a profit teaching school without a government subside. Unlike a coal mine you can speed up production with new machinery. They can run many things privately without a government payment or government mandate. USPS can delver a letter anywhere in the US for $.50 and still run in the black. Why because of the drop in subsidized junk mail going over to Email. UPS and FedEx can do the same job for about $9.00 .
Privatizing mass transportation, sure, schools, that's a terrible idea.
N T Privatizing schools may be bad, but allowing for school choice to encourage competition between public schools will have a positive outcome
@@nt2122 it would be a great idea. Schools that dont give you enough knowledge and later no job options will dissapear. Free market rules
@@britishentertainment7610 Are you saying that privatizing schools is a great idea or not? Also, there has been a lot of scummy private colleges which saddle people with debt and give no real job in return. I'm hesitant to privatize schools for that reason. If a mass transit company is bad, you most likely get injured at worst and more likely late. If a school is bad, your education is fucked up by years.
Government programs are supposed to end not get bigger
They can but help but get bigger because the capitalist use government taxes to pay as many costs they don't want. They've always got their hands out for those big government contracts.
Short, relevant story - My uncle is a mechanical engineer/technician (old-school)with his own business. He has knowledge that few in his industry have when it comes to fixing things. A government building in the area had a serious issue with one of their machines, there was a government-employed technician (that was employed there for many years) who for months was clueless on how to address the issue. So my uncle was called in. He took a look at it and fixed it within 1 hour. When it was time to pay the bill, my uncle said, that would be 200 euros, the technician's jaw dropped, "you came in here for 1 hour and you expect to get 200 euros??" My uncle replies, "You have been here so many years, getting paid every and you still had no idea how to fix it"
nice
Unfortunately, that is typical.
Omg, my Dad have encountered the same thing in Vietnam: the technician at a government construction didn’t know what to do and my Dad figured out what was wrong in less than 30 minutes.
@@TheOtherCiphbruh yep, I think the problem is the incentive structure, being part of a private business you are incentivized to constantly better yourself and in turn produce better and better results.
Whereas in government jobs, due to mismanagement you are incentivized to just show up.
so basically privatizing everything means you will get charged more.. No Thanks!
You see, folks, freedom really _does_ work!
When government actually serves it's purpose, it becomes apparent that it's unnecessary.
Urbestestbuddy - The government should serve as the people's watch dogs, not to assert itself as the elite who know best how to run our lives.
The purpose of government today is to regulate greed. The biggest reason for privatising government jobs is to escape pension plan payments. In the private sector bosses have been successful in getting rid of private pension plans. Now they want to do the same thing in the public sector. There are more union workers in the public sector but the supreme court has now decided it is the time to do away with them by ending dues check off. Time to retaliate and ignore any no strike clause in any union contract. They want class war and we should give it to them.
Libertarian: We need to privatize everything.
Normies: What do you mean, everything?
Libertarian: EVERYTHING!!!
Who will enforce your wage labor exploitation? Will the thugs be private or pubic cops? How does you non aggression theory work now? What will happen to your precious stock market when there are no guards to protect company secrets.
Heitor Mello even roads
Libertarianism is essentially utopianism. It can't be implemented because it has never been tried and it can't be tried because it has never been implemented. At the end of the day it's just a theory and reason for keeping present day capitalism and implementing austerity measures.
Me: ok, lets start with privatizing police!
You: let me see how their union and lobbying groups feel about that.
@Lee Pixley what you said was because the judges like to have higher incarceration rates pass bs laws in order to lock more citizens
Privatizing everything = freeing everybody. And my list of things the government (I.e. Sanctioned mafia) should do is zero.
It's funny how the government tries to dismantle monopolies but in turn just create one when they turn the responsibility over to the government. That's just a little secret of theirs that people have failed to recognize.
*****
No they can't, freedom and socialism are by definition not compatible. The minute you talk about socialization you are putting forth the proposition of using guns to to take away someones freedom.
Also, before you make the mistake as most socialist minded people, I am talking about political freedom, not the freedom from the requirements of reality that everyone is so desperately trying to grant themselves by giving guns to the state.
Immediately when you talk socialism you talk about ending private property. No longer is society cut in half fighting over the division of the value produced and what to do with the surplus value.
@@kimobrien. right then everyone is just divided among the higher ranking and subordinates. Do what your told slave. You don't have a choice.
John Stossel will be 67 years old next month, and yet there's nary a single gray hair on his head, eyebrows, or mustache. It's a miracle
He’s not weighed down by stupidity
He has surpassed aging through reason
No it is because he uses hair dye.
You have to be really careful, often "privatize" means sell it to the brother in law of the city council member at a low price with monopoly contract with the city.
John Stossel is the only person on television who makes any sense to me.
Don't contract out the govt services. Take those functions away from govt entirely. Separate govt from the economy.
Libertarians need to remember that while there certainly CAN be benefits to contracting government jobs to private companies, it's still using money stolen from taxpayers and a monopoly given to the contractor. True liberty would be getting the government out of water/parks/firefighting altogether.
You make a good point, but then who owns the land when it comes to public parks?
And how does a police or fire dept./EMS get paid?
+shamgar001 That's the exact opposite of what libertarians want. Government should not pay for our services with taxes to private companies, that's just government endorsed monopoly. No, we individually decide who we pay for our services.
Minarchist government is the only solution. A government not unnecessarily interfering in private matters of the citizens, but will intervene only when invoked by some aggrieved party, if any.
Privatize everything....there would be no communal property....streets, parks and government buildings....especially schools would become the asset of a private group or citizens and zero taxes on the local level. Where I live if I have to use the cops or firefighters or ambulance I have to pay a fee for the occurrence on which I needed them like civil process and or using someone to put out the fire on top of the taxes I pay. I am getting ripped off.
I remember seeing a Libertarian Party meeting where a guy stripped down to his underpants and did a dance. Libertarians will always want private or government thugs to protect private property to exploit the labor of others. They are just wanna be capitalists who pretend that being rich will somehow make them morally incorruptible.
I went as a tourist to NY and I immediately loved Bryant Park, much before I knew it was privatized
GOD BLESS Dan Biederman! PRIVATIZE EVERYTHING!!
worked real well with the prison system didn't it.
No it didn't work. Because in prisons they a lot them more money for more prisoners. If they only gave a flat rate for the prision they would have the incentive to rehabilitate and get people out since more prisoners would be cutting into the profit instead of adding to it.
There is a difference between full privatisation, and crony quasi-privatisation, where the management of prisons is given to the companies picked by the government, forced to do business the way the government wants. There is no competition in the latter case, hence it doesn't work well.
>government puts people in jail for even the most minor offences
>Unable to keep them in
>Takes help of private prisons
How exactly it's private sector's fault?
if private companies make a lot of profit offering better services and saving millions of dollars in tax revenues, they deserve it...it seems that it benefits everyone...
The free enterprise system is great when it's restricted to things that are manufactured or services that are performed. When you allow that system to operate ANYTHING else it falls flat on it's face. I'm leaving a lot out so you can think about what it is that it doesn't work so well on.
A monopoly destroys the free enterprise system and prevents it from doing what it does best, Competitive manufacturing makes products cheaper. Anything that doesn't retains that competitive element is not a good candidate for inclusion into the free market. Can you think of the number one thing that over time loses it's competitive edge. As our nation was growing it was plentiful but as the years went on it slowly diminished and we are seeing the effects of that on the economy which is slowly destroying this country. Slowly a monopoly is being created which is making it impossible for a young person to keep up. Soon it will destroy us. few people can see it because you need to study history to realize it.
Beautiful my friend well done wish I could give you a firm handshake! Take care and hope to see more of your comments
I think of it in terms of customization. The government, while imperfect, can tend to handle electricity and water somewhat well (granted, this gives an example of failure, and so does Puerto Rico, but generally it's not terrible service). But when they try, say,education, where it's different for each student, they fall flat on their face. Some things work well top down, like company management. Some work bottom up, like supply and demand. In general, government is bad at telling when it should butt out, because top down is their hammer, and when you have a hammer, every problem looks like a nail.
The government shouldn't do anything.
Yes, no taxes, no police, no essential services, no military, leave everyone alone. Yeah, don't do anything.
@@shelovesreaper5679 The free market can provide protection services and all other essential services. Government shouldn't do any of it.
@@SuperSneakySteve 😂😂😂😂
"911! There's a robber in my house! Please hurry!"
"Alright sir - wait, your account here says you haven't paid your monthly police bill. Sorry sir, we can't provide law enforcement to clients who don't pay. I wish you best luck, have a good evening."
Yeah, just have a private police. It's not like it will get greedier over time and charge monthly bills. Privatize all schools, it's not like education is an absolute essential to survive, everyone will totally hire an adult who never went to school because his family was poor. Might as well privatize healthcare, it's not like having good health is a luxury - oh wait, it is because America treats it's citizens like EA treats it's customers.
It's not like the free market never leads to monopolies and those monopolies can eventually charge unreasonable prices. But hey, in the name of "freedom", let's have companies control the things everyone needs and act like those companies exist to provide and not that they exist to acquire PROFIT.
Might as well have a fucking feudal country. It's not different when rich control everything.
@@shelovesreaper5679 Lots of companies employ private security. I have them where I work and they are much nicer to work with than the local police department because they ACTUALLY work for me, not like the city cops. There's a clear difference in quality and they actually cost less. Someday when you grow up and get an adult job you'll see the difference too.
@@SuperSneakySteve ooohhh the delusional bastard thinks he knows my age.
Private security's job is to protect their employer. The police's job is to protect the public and enforce the law. Since you're delusional, you probably think that if a private military company replaces a city's police, they would protect the public. No, because one, they job is to obey whoever hires them and if a company hires them wants more profit, they can easily charge more from the public for protection. Nobody protects the public in that case.
And those private security? It's part of their contract to be nice to people, because you know, they're a company and they want to maintain a good image.
Just abolish goverment and be done with, total anarchy and capitalism
Who's gonna print your money?
@@MaynardFreek Government is not needed for money.
In many cases I could agree.
Here in Nassau County, the Nassau Inter-City Express (NICE) bus system is an example of how that DOES NOT work.
The problem here is that our bus system doesn't break even. We subsidize it 1/4 the amount of the equivalently-sized system in Westchester County, yet want the same level of service. Our County Executive Ed Mangano got the service privatized, then slashed the subsidy.
The result?
There's not enough pork in the barrel to keep all the routes running. Viola (the operator) shut down two of the 4 routes in the town, among another dozen routes. Service cuts all over, reduced maintenance of non-county-owned equipment and ridership is falling because of it.
The quandary here is that we want to have a system that serves as many people as possible, but makes money. The problem is that those two objectives are mutually exclusive. A profitable bus system wouldn't be this big, and a well-covered service area isn't proftiable.
Flip side of the coin would be the Iowa Pacific Company. Until they retracted due to internal financial troubles, they ran the Hoosier State on behalf of the state of Indiana. They increased service, made 4-star meals in the dining car, provided equipment (which was older, but had just been refurbished and reflected the more lavish 50's era travel than today's economy-everythings) and caused ridership to increase despite not being able to fix much of the schedules or on-time performance (that's a subject for an Amtrak explanation).
There was better service, that was closer to profitable, being supplied by a private company. All while Amtrak told them they couldn't afford to operate the service!
I'm from Dallas. Klyde Warren is an amazing park. Clean, safe, and always has something going on. Privatize everything!
How many county employees do you know that have “lavish” salaries?
compared to their private peers. one of my friends who became a father at 18 hoped to land the state job he applied for. it would be plenty of money to support his new family. sadly he didn’t get it, though he did very easily get a private sector job. many hours and still lots of money. all my public teachers were decked out and most just had a bachelor. one of them even gamed the system and did some dentistry schooling to become more “educated”, and so his salary and benefits rose haha. the PE teachers were the richest compared to the amount of work they did. nice new range rover to the black lady who told middle schoolers to listen to the workout disk and go run. ive no doubt people said oh a black woman so discriminated, but whites in this area were the minority by a landslide (women are not a minority...in fact in china there are too many. on average there’s probably some tiny decimal point percentage more women on earth). ive ranted
Its exactly what President Trump did. When he was a businessman he convinced the NY governement to allow him to finish the ice skating rink and he did it efficiently and before the due date. Privatization always works.
Doesn't work for me. I got 120k salary and lavish retirement I'm trying to protect here.
When the private sector lives and dies by the laws of the free market but pays for the public sector with unrealistic salaries, benefits and pensions, it makes no sense. I believe knowing you must perform well or face not getting paid or being fired, is what makes economies strong.
I have two(2) comments. First,I wish the transit system here in Atlanta,Ga. would be privatized. It is run shoddy,service is no where near what it needs to be.Second, Grady Memorial Hospital here in Atlanta has the longest wait times to be seen by a doctor. One time I was taken by ambulance to the ER and waited 22 hours to see a doctor!This was "AFTER" it was privatized-and it is still in debt (about $3-5 MILLION). Privatization doesn't work when you have "BOTH" doctors and nurses just standing around doing"NOTHING" but having conversations about what they are going to do after work or what he/she is wearing on a dinner date etc..... Sometimes it might work-but not others!!
Incentive is better
An incentive is something that motivates an individual to perform an action. The study of incentive structures is central to the study of all economic activities (both in terms of individual decision-making and in terms of co-operation and competition within a larger institutional structure).
Just asking to learn not to argue but what would happen to workers of a company that failed and there was no competitive company to hire them?
Military, police, and courts should all be privatized. I understand the Founding Fathers didn’t think that, but to be philosophically consistent, yes, privatize EVERYTHING. And I mean EVERYTHING.
I think there is also a strong psychological component in public vs private:
Do you believe in authority/ rules/ holy or do you prefer individual freedom/ following your individual interest?
So: are you motivated by serving and authority, obiding the rules (see England: what sense does it make to pay for a king/queen that has de iure absolute power? what sense does it make to join a church and pay money to have a priest authority (example: pope) to tell you what to do? Further: Why be part of a country and pay taxes? Why follow traditions for the sake of traditions? )
or are you motivated by your personal freedom and interests?
Both makes sense. In the belief in authority/ rules/ holy case, this authority actually serves as a security: e.g. the government's power is the reason why your rights are untouchable.
If there was no governemnt, there would also be no rights. (see Thomas Hobbes, the Leviathan) Governement (whether it is a kingdom or a republic) also wields powers that many think are to dangerous to privatize (like the law).
Still, humen also like to do what they want to do. They like their freedom, everybody is a egoist for his/her interests and American cultures empasizes freedom over security.
It is this eternal trade off between security and freedom, that ultimately determines the public vs private dispute
Honestly the only thing you should NOT privatize are prisons, as they get an inverse incentive. They often get paid for how many prisoners they take care of, so there's an incentive for them to lobby for more laws and stricter punishments in order to get more and more people into the prison system so they can get more money. However if they change from paying them based on how many prisoners they have, to how they treat the prisoners, then it might change.
This will preach!
When I was a kid, Ohio had state liquor stores. Then they realized they were losing tax revenue.
Of course when you use somebody else' money there is no incentive to cut costs.
As great as this sounds, never forget the captains of industry who when heavily unregulated created poor working conditions to maximize profit. There needs to be a balance.
But they'd get bad service reviews then while im typing from my slave cage so everyone would know to avoid their service! But of course the review service i used isnt widely regarded as most of us slaves dont leave too many reviews with our busy work schedules.
Oh ye i was trying to be sarcastic haha, modern libertarianism is completely nuts to me.
This is a very good look into publicly run industries that I had never even considered privatizing, like public parks. I just goes to show that given the incentive, something could always be made better through private efforts. Now that is not to say I say that there are not some core government services that must be kept public, like fighting wars (real defensive ones, not those for resource gathering) and law enforcement (investigating crimes and punishing criminals), these are core biblical functions of government and should not be left to profit incentives. But everything else sure, why not, makes it cheaper on the taxpayer, eliminating the double tax of paying for the service and the subsidy.
anyone saying that public transport cant be profitable then they need to look at the UK where almost all bus operators are privately operated with mostly commercial services that make a profit or look at Hong Kong where the PRC Government is slowly privatizing MRT the public transport operator for metro services because they turn a profit
give yellowstone national park to chuck-e-cheese
If you want a true edifice as to why everything should be privatized, I recommend you read Murray Rothbard and Hans-Hermann Hoppe. They're economists that really make the case for universal private property.
Public city works has to be the saddest thing I've ever seen. Workers drive around aimlessly looking for something to do and often decide to drive slower and do less since they get paid the same no matter what they do. I once saw a city work take at least an hour for lunch, ordered himself a pizza while parked in a church parking lot. You will drive around and see broken sprinklers everywhere and they wont get fixed for weeks if ever. They are the most incompetent workers in the workforce today, they have zero incentive to do a good job or even get the job done.
The public sector doesn't seek to make a profit or answer to shareholders, but you think somehow it's always more expensive. The public sector *is a competitor.* Private companies will lower pay and benefits and raise prices to fulfill their bottom line. The government built the dams in the Pacific Northwest. One dam, Grand Coulee was opposed by private power companies even though the private guys couldn't build one of that scale. And, the Pacific Northwest has the cheapest electricity in the U.S. and about the cleanest.
Also, I don't care who does what, public or private. But once the city starts down the private route, I harbor a fear that private powers could be given the option to buy the asset and thus put it at risk when the new owner finds it has become unprofitable. I wouldn't want Yellowstone to be logged just because day passes are down for the season.
You mentioned WA State going privatized liquor sales. It seemed like a great idea, but now we are 5 times the liquor tax of the national average. This was imposed on the public by the state gov't in retaliation for taking their liquor sales away. It has also called the new taxes "fees" so they can't be voted out. The moral: brew and distill your own in WA.
I'll have to take a look at this private water example to see how they did it, but I'm guessing it must have had different terms than examples of countries such as Bolivia that give exclusive concession to a single company and expect a company will somehow do a better job than government when they don't have competition thanks to government itself.
I think the key is that they bid the contract out so companies have to compete for it, and they are willing to fire a company that does a bad job. Government giving an exclusive contract is just passing government's monopoly to another party, so there is no competition and no reason they will do a better job.
bowserhsu Preferably the government wouldn't try to organize these services at all, but this system of bidding tends to be far more efficient than the government trying to run the whole thing.
yeah I understand they contract it out and tell them "if you don't achieve these terms, your done"
Bolivia & most of its neighbors use corporatism instead of free markets to fix their problems. This is just as bad as Socialism.
The US Government is just as guilty with how it handles mortgages, banking, healthcare and a few other industries.
In what way is the govt buying a service from somebody a private thing? I don't know what Bolivia did. But what you describe them doing is not privatizing anything.
Stossel for President!
And in NJ when we privatized DMV , with a company called Parsons we all got shafted. Whitman thought it would be best, but Parsons did not really did a good job. Longer lines, More headaches. Because people did not care for the job they were doing. Because there were less people and they were doing more work and working overtime day after day. It's called understaffed and it saves companies a ton of money...
Today, in NJ. only emissions is the only check. In and out under 5 min.
What about in one private school teacher who in fact was a registered sex offender. School never did a full back ground check on that teacher?
Sorry but don’t you fix water services by voting out the current government?
The happiest people in the world are those with purpose doing what they love and loving what they do soon i will be one of those kinds of people.
The main thing that the Founding Fathers were afraid of was a strong central government.
Imagine if governments maintained 50% (49%) of these utilities. They would be privately run, (efficient) but government received 50% of the revenues?
They could then tax much less!
Bidding for the next jet fighter doesn't seem to benefit from this kind of reasoning. We still get massive added costs that government seems too happy to pay.
Unfortunately there is too much corruption in the union of private product and services being contracted by government agencies. Like Halliburton, there are inflated prices and kickbacks.
That may be true...well, it is true..BUT they still beat govt workers with the corruption delta...so it seems that the govt costs more then Corruption PLUS the actual costs in private industry....plus u can fire them. I think transparency is huge, and thats were we can battle things like kickbacks to officials who sway bids...
Kickbacks to private companies from the federal government are illegal. If you have first hand knowledge of such a thing, then report it. Otherwise, you end up spreading false rumor. (slander is also illegal)
There was just a case in April involving NovaDatacorp and Kickbacks...i would recommend google for research...its out there if you take the time to look for it..
steelbreeze420 I never said it doesn't happen. Just that blanket statements are a bad way to express one's opinion.
Doh, misinterpreted...Felt blanket, hence me being a dick...apologies...
I like privatizaion but don't forget Enron. I live in California and the insane electricity prices, that were lies, really hurt us until Enron fell apart under it's own corruption. And many people were hurt financially.
If government gets out of the way, the world could do something about the corporate tyranny.
The first thing that corporations would buy in a fully libertarian system would be more government. Don't think, for a second, that our current system doesn't completely represent the needs of the rich.
Name one agency that cant be privatize or contracted
Army (partially?
Anyone remember the $2,000,000 bathroom?
I don't know if I would agree with you. The Chicago Transit Authority (CTA) pays it's drivers the top pay in the country, but they do a phenomenal job. If they only made a couple bucks more than minimum wage they would suck. Some government jobs should be privatized like cdot, cpd, and streets and sanitation because the workers sit around not doing anything, that's not fair. I don't mind paying the little extra, but I want these people to do their damned job. LoL, they don't let me sit around at any job I ever had.
This all works now, but I'm not sure it would've worked until now. People/owners in the previous centuries were assholes. Now they at least realize that nature and other commons are intrinsically valuable and must be protected, even if monetized.
Passenger rail was private and it failed. If airports and roads weren't subsidized we wouldn't be flying or driving.
London Heathrow is privately owned and it is running wonderfully
A monopoly leads to No checks and balances, which leads to CORRUPTION every.... single.... time.... Incentives do matter. When there is no market competition, complacency and laziness sets in, incentives drop and efficiency/quality go down but prices just go up. It’s all backwards but the lazy workers just keep getting better pay and retirement.
Good enough for government work! To error is human, but to really screw things up takes the government.
To be fair, the government is a collection of individuals that we give power to.
@@owlblocksdavid4955 True that, if only we can get less corrupt folks in the gov and it be restored to the size it was in the colonial days, but sadly that'll never happen. Once gov power and greed happens it won't stop.
@@andysvideos8566 I'm of the unpopular opinion that politicians are about the average level of correctness as any American. We can and should elect better politicians. But that requires us to become better people, better educated, and able to run a government or keep one in check.
privatization don't sound bad . government is a racket , kickbacks. union's , nepotism , cronyism . big mafia runs government like an organized crime syndicate . take a look at any major city in this United State's . seems like most city workers are both Italian n Catholic .
Privatizing prisons seems to come with their own problems.
We should privatize government!
They raised taxes on it too so its bitter sweet.
You have to separate the States and business.
Hold the fuck up. I live in Houston TX, I move to apart of town were the water, drain, and sewage is privatise and let me tell y'all it's very expensive compare to the city of Houston providing water and stuff.I get charge 4000 gallons of water use it or not if I go over guess what I pay extra , Customer service sucks they dont care and take your money and you can't complaint he'll you can't even take your business elsewhere because they have that part under control. We're is the innovation making it better and cheaper. You know business don't want a price war fact. If you privatise everything that is pitting the elite in charge and yes it's filthy greedy.
Privatize Congress, then we’ll talk.
Can US President be privatise ? Just a wild thinking.
Privatize nuclear arms
EVERYTHING.
How about the FEDERAL RESERVE privatize that , no wait already is, Congress needs to get rid of that monopoly, u.s treasury department needs to take over that job , but who am i
ahhhh stossel..your just cherry picking!
13:18 thanks, john!
Leslie Knope would be horrified
Lol this isn't about privatize everything, then we would here about private law and private security...
It would be a real privatization if it was the people who directly founded the private firms, not having the government taking the money from the people and giving to the firms that is called fascism/corporatism.
I agree with everything you say. Let's give it a shot. It is unfortunate the politicians we have had what is educated as we think they are. they promised everyone everything but we end up with nothing. It's a good idea if they work hard at their job. But I feel like we should get more in a different way. Or maybe this is the way history has written in. But it seems like we had forgotten the past. Keep it up look forward to seeing your ex episode. Sorry I confused you with that other guy.please do not get offended I do not like him either.
Lower prices equals poverty wages 🙄
11:40 -- Heeeeeeeelll yeah, Big D, that's what I'm talkin' bout :) God bless Texas. One of the last few bastions of common sense and freedom. I'll tell you one thing, the day Texas institutes a state income tax is the day I cease from considering myself a Texan. Hold the lines, boys, hold 'em good and steady; continue to make me proud! Though, what's up with that Bullshit ya'll replaced Common Core with? It's just the same thing re-packaged under a different name. C'mon, ya'll, figure it out and get with the program, ...or should I say, get OUT of the program;) But seriously though, snap to it, ya'll! Like seriously for real >:( NOT cool guys. Ya'll should have seen that one coming. Shame on you.
That’s it, I’m a libertarian.
It's sad that most of Stossels examples are of just straight fascism. The government is just relinquishing responsibility but maintaining ownership. Imagine how much better it would be if these thing were actual privately owned.
Ummm no.
+Red Raider ummm yes.
I'm not sure that word means what you think it means.
The idea of LImited government is no different than the idea of being slightly pregnant.
Government is a tumor. Cutting out most of the tumor and leaving behind just a little bit behind is not a great idea... It's lunacy.
You're right in that govt will only inevitably grow larger and larger until it chokes out it's own host, BUT, anarchy only leads to an empty vacuum drawing in power grabs by the ambitious who then simply form their own governments, which one can only bet will make even our current one look like a Godsend, or at the very least, will create perpetual war either with others or amongst themselves in attempting to manifest it.
The key is to simply reduce the size of govt in order to get it back to it's proper role, function, and purpose. Now, does this seem likely to happen within our own lifetimes, or even ever? Fuck no. But, WHAT are our other choices? At least if we have something that we can identify and keep in check with at least a certain degree of control and democratic leverage then that is certainly more stable than the utter chaos of total and complete anarchy.
51MontyPython
If the key is to keep trying the same thing over and over again and expect different results and in the process screw our descendants to be perpetual slaves to the psychopathic banking cartel that have passed on their human farming plantations to the next banking elite generation after generation... Sorry I won't agree to that.
No thanks... I'll chose death rather than accept slavery for me or my children or my children's children.
Time to wage a union struggle back against the bosses. Time to ignore the no strike clause. Fight out every grievance on the shop floor.
51MontyPython Multiple governments forming from the abolishment of a central government sounds like a great idea. The monopoly on force should be broken up, and a large number of governments means competition, ensuring higher quality at a lower cost.
Privatize police!!!
We did try to privatize everything, and that was why the government end up with medicare and social security. The private market excel at certain things, but utterly fails at the rest, especially when there is no profit to be made.
And guess what? Social Security and Medicare/Medicaid are broke. Hardly successful I'd say.
There is always profit to be made, period. Anything worth having is worth paying for, thus profitable
I thought about something. After reading and researching the Great Depression (the reason we have SS), and learning that the government is largely responsible for the market failure, government then had the opportunity to sale Social Security.
They are evil salesmen. Like bad construction workers installing a bad roof and blaming the structural support of the house for the roofs collapse and being contracted to fix both again.
theDoubleA1245 I'm not sure I understand what you're trying to say. I'm sure I agree with whatever point you're trying to make, but I'm having a hard time understanding what that point is
William Avitt You should know the old myth that the free market/unbridled capitalism caused the Great Depression, while in actuality the government had a large hand in causing the downfall of the economy.
Now fast forward to the mid 30's. Because of this so called "market failure", the government needed to set up a cushion or safety net to protect people from drastic economic downturns and prepare people for long term unemployment and retirement.
If you understand how the government actually caused the Depression and then blamed it on the free market, the passage of Social Security becomes even that more heinous. Basically they actively destroyed (though not on purpose) the economy to indirectly "sell" Social Security to the people.
Mutualize everything
Put in a coin and look at a duck!
Really Mr Stossel! Privatize everything. How is American private health care working for you. No wonder the USA spends a high percentage of its GDP on health care.
He really needs to look at the example of water privatization in Bolivia in the late 90s, early 2000s
Wow, no one can help you if you don't understand how privatizing healthcare creates innovation, competition and therefore lower prices.
Lower prices! Then explain why health care in the USA is the highest in the world and spends a high percentage of its GDP on health care.
jackiechan511
Health care is not private in the USA, even before Obamacare, so its not really a valid example. It is and has been one of the most heavily regulated industries in the USA and the price system is deeply corrupted by government payments. For the same reason why the higher education system in the USA keeps increasing price (even during a recession) while cost in every other industry goes down, the more an industry relies on government payments, the more distorted the price.
If you want a valid example of how private industry works, look at the computer industry with very minimal government involvement for a comparison of how freedom and competition drives down price and increases innovation.
Dlahusen1 Drug companies and hospitals are privately run. Your right that this sector is heavily regulated but not run by the public/state run.
The computer industry in your example is innovative which is fact. Then how about explaining why Microsoft was investigated by the SEC for numerous financial violations and its "monopoly" practices in the 90s.
+jackiechan511 Microsoft had a kind of monopoly because there was no significant competition. That is not corruption per se. Jelous people complaining, I don't give a shit. We had alternatives, free alternatives, but they involved more work, less compatibility, and we chose the better, more expensive option. And were disgrunteled about it. We were dishonest.
Heavy regulation in healthcare, add to that regulatory capture, followed by monopoly endorsed by the government. We got doctors voting on licensing commitees on who can open a hospital, or can give healthcare. They do not want more competition that is comfortable to them and dismiss anyone who might challenge them, with lawman by their side. That is not free market system and the state of that system should not be used as an argument against free markets.
Good grief. No.... just... no. Privatising everything is a moronic idea. It comes back to the delusion that the invisible hand of the market knows best. Well, it doesn't. It's just an excuse for greedy executives to increase what they can get away with charging.
Idiot - you've been brainwashed - gov't fucks up everything it touches with bloated inefficiencies - I've been in business 27 years vs. your 1 year in collage
We're talking about corporations or companies that are reviewed annually - not corporations who own the president (Clinton/Bush/Obama hand picked cabinets all wall street heads) or corps with unethical relationships with gov't (another thing you need to study for 10000 hours before you comment again)
The "invisible hand" and the market are US. WE are the market. Every time you buy or sell anything, or participate in any economic activity, you are part of the market.
So you think that a small elite in Washington knows better than the 300 milion people in this economy making choices for themselves?
Very good post Saul - I would add that small elite (not just exclusive to Washington or American interests) has narrowed the media down to just 5 mega corps tied to international banking / Big Oil / Pharma etc that specialize in manufacturing 'reality' and 'programming' people what to think - what to wear - how to 'feel' and so forth
Since you have yet to respond to the criticism of your argument (or lack thereof), I'm going to assume you realize how full of shit everything is that you've said
@ Dark' you're concept is only based on privatization lacking competetition; study Enron; the epitome of you what believe. Private company with no competition or annual review. To speak in simpler terms: Gov't is a fat self serving pig with no competition that gets nothing done for 4x the cost. /end