Quote:
Originally Posted by FRiSson
How can you mix theory (incentivization), with personal experience. You have skipped over the most important thing, empirical evidence. Private sector industries are rife with inefficiency, otherwise there would be no turnover. Why else do you think that WalMart vanquished Sears, Dell trumped IBM (in PCs). If you look at the top competitive firms of each of the past 10 decades, almost all of them have collapsed, been swallowed up, or have shrunk in size and importance. That's due to the fact that it is extremely difficult to be large and efficient over a sustained period of time. That is why industries almost inevitably focus their energies on limiting competition (through buyouts and mergers) or by asserting oligopolistc control over markets in other ways.
It is way too simplistic just to state that private enterprise is efficient and governments are not, it simply does not hold up under scrutiny.
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You answered your own question for me. Walmart vanquished Sears and Dell vanquished IBM's PC business because of better efficiencies. IBM sold off their PC business because it no longer fit their business plan. IBM has been around for most of those past 10 decades and is one of the strongest businesses in the US.
I suggest you strongly study the Walmart business model to better understand the capitalistic model. It is not simplistic to state that private enterprise is more efficient, because if they aren't ( with some exceptions- GM, Chrysler) they fail. If government isn't efficient they simply take more money from me and YOU!
In order to be more efficient I suggest you take further comments to a different forum. Huffington Post should suit your needs quite adequately.