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Fri Feb 14, 2020, 01:34 AM

Privatizing certain sectors costs more. Ask Norway about their trains & more!

Simple math makes it clear that privatizing especially in certain sectors increases the cost of providing a service. All else being equal, the calculation is not difficult. This is clear for paying for healthcare, transportation services, and much more.



https://egbertowillies.com/2020/02/14/privatizing-cost-more-in-certain-sectors-math/

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Reply Privatizing certain sectors costs more. Ask Norway about their trains & more! (Original post)
egbertowillies Friday OP
PoindexterOglethorpe Friday #1
Hermit-The-Prog Friday #2
uponit7771 Friday #3
grantcart Friday #4
DFW Friday #5

Response to egbertowillies (Original post)

Fri Feb 14, 2020, 01:44 AM

1. I'm under the impression that privatization is almost

always more expensive in the long run.

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Response to egbertowillies (Original post)

Fri Feb 14, 2020, 03:32 AM

2. Well, somebody has to pay for executive jets, mansions, golden parachutes.

Will no one think of the poor, single-mansion CEOs and COOs?

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Response to Hermit-The-Prog (Reply #2)

Fri Feb 14, 2020, 04:05 AM

3. +1

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Response to egbertowillies (Original post)

Fri Feb 14, 2020, 04:27 AM

4. Lol self promoting your own podcast again. Let me tell you about Norway.

After the North Sea Oil was discovered Norway hired a philosopher to guide the decision tree process.

He made sure the right questions were asked in the right order.

As a result Norway has the highest per capita sovereign fund in the world I.e. Norway has the richest population in the world.

Norway is a country that was both lucky and wise and has perfected Democratic Capitalism not socialism.

Comparing anything that occurs in Norway a small country with a highly homogeneous population with the US is like comparing the city of Singapore ( which many people mistake as capitalist but is actually more socialist than any European country) to the US.

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Response to grantcart (Reply #4)

Fri Feb 14, 2020, 05:27 AM

5. Not is only all that correct

Norway had the good sense to enter neither the Euro Zone nor the EU. Therefore they do not have hordes of clueless bureaucrats from Brussels telling them how to run their country with minimal representation to fight back if those regulations are detrimental to them (opposite of the UK, which had large representation in the EU due to its big population and status as an economic center).

The Norwegians also have their own currency, and so set interest rates that suit them, not Frankfurt or Brussels. Of course, to outsiders, this makes Norway impossibly expensive to visit, but like the Swiss, people there earn enough to live decently, and enjoy a super-strong currency if they want to travel abroad. The sticker shock for visitors to Norway takes some getting used to. $60 for a short taxi ride into town from the Bergen airport, $12 for a pound (half Kilo, actually) of cherries at the local market, etc.--maybe more now, I haven't been back for a few years.

But the boon of North Sea Oil has made Norway a finance minister's dream. A population under 6 million, completely awash in surplus money put aside from their oil revenues over the decades. It is typical of just about nowhere.

There are fewer Norwegians than there are Americans Abroad. Their topography isn't exactly conducive to the buildup of large population centers. All they're missing is a few tropical Hawaiian-style islands for vacation getaways, and with their put-away fund, they could probably buy Oahu if they wanted to. But like Grantcart said--they are being wise with their windfall, and they don't want to.

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