you wouldn’t see the companies cease to exist, you’d see prices come down, wages go up, or heavy infrastructure investment.
Exactly, you’d also see the inovation to drop, effectiveness of people’s work would decrease slowly and also quality of products would go down. It’s actually not that radical, many, many countries have tried that, both small and large, gigantic even. But rarely (if ever) it worked in a long run
Why do you think work effectiveness or innovation would drop? The people doing the work already don’t see the profits. Nothing would change for them.
There’s no difference between the board of directors being appointed by investors and then being appointed by elected officials, as far as the employees are concerned.
There’s a difference between a state run and a state owned enterprise.
A publicly owned enterprise is perfectly common, and indistinguishable from any other business.
They’re quite common around the world, and some of the largest companies on the planet are state owned.
Exactly, you’d also see the inovation to drop, effectiveness of people’s work would decrease slowly and also quality of products would go down. It’s actually not that radical, many, many countries have tried that, both small and large, gigantic even. But rarely (if ever) it worked in a long run
Why do you think work effectiveness or innovation would drop? The people doing the work already don’t see the profits. Nothing would change for them.
There’s no difference between the board of directors being appointed by investors and then being appointed by elected officials, as far as the employees are concerned.
There’s a difference between a state run and a state owned enterprise.
A publicly owned enterprise is perfectly common, and indistinguishable from any other business.
They’re quite common around the world, and some of the largest companies on the planet are state owned.