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This is a sub-selection from It doesn't have to be FREE

wev567

join:2006-02-25
Pittsburgh, PA
reply to openbox9

Re: It doesn't have to be FREE

said by openbox9:

said by karlmarx:

as LONG AS YOU DON'T NEED TO MAKE A PROFIT.
Therein lies the problem with socialism. Somebody, somewhere has to pay for it. Who pays the bill if Philly doesn't make a profit, or at least break even?


Private industry doesn't seem to providing broadband fast enough for most of us, yet you reject another way? At least in this version of socialism, there is a potential benefit for all. Or would you rather have capitalism like Wall Street practices it, where we privatize profits and socialize the risk?

openbox9
Premium
join:2004-01-26
Germany
kudos:2
I don't reject another way. I do reject wastefully throwing billions and billions of additional taxpayer money down the drain. I fully support capitalism and believe that it is the most sustainable economic system long-term. If you're discussing the huge bailout/stimulus that's happened within the last year as "socialize the risk", I don't necessarily support that either. I do believe that companies should be allowed to fail if they can't sustain their business model. FWIW, we've been practicing privatized profits/socialized risk for a very long time in several sectors.