Depends. If you own a water company in order to provide water and sewage services, fine. If you own a water company as a thing that generates cashflow in order to allow you to borrow enormous sums of… (View Post)

Ideally, yes. In practice, it seems harder to do than to say. There's a parallel with evolution here- however hard governments work to devise good regulations, at least some capitalists will wor… (View Post)

Not just that- when capitalists bought the water companies, they didn't do so out of the goodnesses of their hearts. They had a duty to extract as much value as they could from their new posessi… (View Post)

Leaving aside the whole "Florence Nightingale wasn't a prison warder" thing, don't you have to purpose-build prisons properly if you want to actually imprison people? Converting c… (View Post)

Sequence matters, though. No point in cutting taxes as long as rents are "every penny you can afford and then some". All that would happen is that the tax cuts would pass through renters to… (View Post)