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 Originally Posted by wufwugy
Private institutions have to turn a profit in order to remain viable. Public institutions don't. Public institutions receive tax revenues regardless of whether or not they turn a profit.
Yes, I didn't ask about that though.
Originally Posted by wufwugy
If social ownership was more productive, a whole lot of companies would move towards it because the current equity holders would make more money having a smaller share of a much larger pie.
That's ridiculous. Let's assume a small company of 100 people. Let's assume social ownership creates a huge advantage with a 20% rise in profits. X denotes profits. Would you rather get 100% of x or 1% of 1.2x?
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