They are better at maximizing profits at the expense of the employees, benefits, wages, local taxes and infrastructure. They work for the shareholders. They shovel money to the top few percent of the company. That’s what we call “efficiency”.

The government does not profit. They government pays standard government wages along with union wages and benefits. They maintain infrastructure. They are only as efficient as contracts allow.

Corporations do not have the same goals as government. One seeks to extract maximum profits for the few at the expense of the many, the other seeks to return to the many as much as is feasible in societal good - schools, roads, power, water, etc. at no profit.

[–] set_secret@lemmy.world 10 points 11 months ago (1 children)

Well said.

It's hard to believe that anyone with the mental capacity to lift a spoon to their mouth would vote for the right (who are solely responsible for mass privatisation in Australia anyway, im assuming it's the same elsewhere).

[–] FierroGamer@sh.itjust.works 5 points 11 months ago (1 children)

When listing what they sacrifice to maximize profit you forgot to mention service quality and customer satisfaction.

[–] RememberTheApollo_@lemmy.world 5 points 11 months ago* (last edited 11 months ago)

Just enough service to keep you from leaving, because you know the nearest competitor will treat you just as badly.

[–] grue@lemmy.world 3 points 11 months ago* (last edited 11 months ago)

Corporations do not have the same goals as government. One seeks to extract maximum profits for the few at the expense of the many, the other seeks to return to the many as much as is feasible in societal good - schools, roads, power, water, etc. at no profit.

That's a complete perversion of what corporations were supposed to be for, by the way.