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Joined 3 years ago
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Cake day: January 11th, 2022

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  • Because the goal of the public industry is to provide the public with that good/service. It often sells at cost or even at a deficit since it does not need to profit.

    reminds me of how many western commentators disparage china’s high speed rail system for running at a loss and supposedly wasting money. yes, of course it does. the trains are the point, not the pursuit of profit. the government pays for high speed rail because it’s a needed service, and the costs of operating hsr is worth it in the long run and will even pay for itself.