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this post was submitted on 31 Oct 2023
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When you place economic decisions from a profit driven one into the hands of the politician, you get just as perverse incentives. What's even worse is that the government cannot fail so the system just gets progressively worse until the entire system collapses. I'm good with a liberal system as is with some moderate reforms to account for externalities.
I will just copy and paste part of my comment that I made to another, because your final argument is the same.