List a country with a decent population of like at least 50 mio people that competes with companies successfully and fairly. Countries with a smaller population don’t have as much of a bureaucratic overhead. But even there… where do they offer a better service in a fair competition with companies
I would argue that “bureaucratic overhead” is missing in companies at least as much as it is excess in governments. These double checks and regulations help guard against things like companies externalizing environmental and health impacts. They also act as a check on tendencies towards consolidation (or rather should). Consequently, companies appear to operate more efficiently, but we will have to pay to clean up and handle their externalities eventually.
List a country with a decent population of like at least 50 mio people that competes with companies successfully and fairly. Countries with a smaller population don’t have as much of a bureaucratic overhead. But even there… where do they offer a better service in a fair competition with companies
Google neither competes fairly nor provides a good service. We have to endure them because they have made investment in a competitor uneconomical.
I would argue that “bureaucratic overhead” is missing in companies at least as much as it is excess in governments. These double checks and regulations help guard against things like companies externalizing environmental and health impacts. They also act as a check on tendencies towards consolidation (or rather should). Consequently, companies appear to operate more efficiently, but we will have to pay to clean up and handle their externalities eventually.