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oh no! think of the stock market!
(lemmy.world)
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this post was submitted on 02 Oct 2024
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Yeah yeah down with capitalism rah rah but if the electric company makes no money, how do they afford infrastructure maintenance?
Ok so we nationalize the electric company. Now taxes pay to keep up the electric grid?
I'm down for all of that, by the way. It's a great solution. But there is absolutely, indisputably, 100% a problem here, and it's childish to pretend that if evil corporations would stop being so greedy everything would magically fix itself. It's completely valid to discuss this issue in terms of problems and solutions.
If evil corporations stopped being greedy everything would literally fix itself, and it would not be magic.
Imagine getting electricity from solar as what it cost to deliver and not having a price set by a market at all.
Imagine if the corporations were not allowed to extract profit from you’d to give it to the shareholders and banks.
There’s an almost uncountable amount of spare money, when you remove ‘profits’ and put it back into the service .
That just economically does not work on a large scale.
But sure, I could see it for one industry. That's government ownership.