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Chainleft
@chainleft
Classic case for capitalism is that it'll usually win in the shortest terms. For example. you privatize education, so less tax burden on citizens. Of course by turning your education into a profit-machine, you're changing the objective function of your system. Over time, your system will optimize for profit instead of the optimizing for better education. Same applies to reducing protections for health, food, family programs, etc. What I'm saying is, starting from the same point, invisible hand cannot compete with planned systems on longer periods.
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Heinlein Richtenstein
@chaplino
Profit comes only if you provide something that people want. Thatโs why capitalism is beautiful. So the capitalist schools would, in โoptimising for profitโ, actually optimise in providing a good education (which I assume is what most people want), thereby making them profitable. Otherwise theyโd go bankrupt and seize to exist.
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J. Valeska ๐ฆ๐ฉ๐ซ
@jvaleska.eth
so beatiful.. only rich people could study.. what a beautiful world..
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Heinlein Richtenstein
@chaplino
where did you summon that statement from? how is that your interpretation of what it says? ๐
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J. Valeska ๐ฆ๐ฉ๐ซ
@jvaleska.eth
don't make laugh
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J. Valeska ๐ฆ๐ฉ๐ซ
@jvaleska.eth
if schools are for profit and the best ones, providing the best education, are the most profitable following your previous cast.. how poor people could afford a for profit school? how poor people could afford the better schools? how poor people could stop being poor with no education? you have no way to answer to that.. they need money and they don't have it
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