OK, replace "capitalism" with "late stage capitalism" then.
I'm not saying capitalism is bad, but it requires government to restrain it for the benefit of society. It's not a good method to deliver public services, because it sets up an adversarial system whereby the providers are doing everything they can to maximize profit within the rules(and often not, depending on punishments, corruption, delaying tactics etc) and the government constantly adjusting the rules to counter the motives of profit to ensure services. And if you reduce their ability to make a profit too much, they'll just stop doing it(eg. Alberta Insurance). So taxpayers are forever held hostage to ensure profits, which means paying more than the cost of delivery, which is why it doesn't make sense.
|