Stossel: The Tragedy of the Commons.

[Grim17]

Thanks for the information Grim, I appreciate it. However there are thousands of public parks in this country that just do fine without privatization. Bryant park is located in a large urban area and I can see were there would be a bad element there. Stossel has a way of taking the exception and making it the rule and I don buy that for a second.

Well, it appears you misunderstood a few things, and this wasn't a case where you were purposely ignoring the shows message just to score political points. Something I'm certainly glad to know.

Privately owned or privately operated public parks in America may be an exception, but based on what I've seen, their results are not. Do a little research Pete and you will discover that most privatized parks do a better job of managing, operating and maintaining them than the public sector does, at either a fraction of the cost, or no cost at all to tax payers.

Seeing that privitization in most cases is a better choice than public oversight is easy. The difficult part is coming to an understanding of why privatization achieves better results and/or is more cost efficiant than publicly run parks. That's where political beliefs come into play and cloud a persons understanding.

 

[hazlnut]

The point Stossel was making, is that in most cases privatization, aka private ownership, private management, private land rights, etc... produces better results, increased efficiency, is less costly, and more financially beneficial to society and the individual, than that of communal/publicly owned, controlled, or managed things.

Chrysler and GM are privately owned. And so is AIG.

American Airlines is a private company. Clinton bailed them out in 90s. Moral Hazard. Here we go again.

That being said, there is tremendous waste and other abuses in the public sector.

I support not throwing out the baby with the bath water. Fix the problem. Cut the waste, refocus an agenda, make the public sector work for us by not accepting waste, ineptitude or corruption.

 

[MrMindSpeaker]

Since nobody else has commented, I will.

.

lmao

this sounds like me

 

[hazlnut]

37 minutes of their lives the viewers will never get back...

 

[TNAR]

Chrysler and GM are privately owned. And so is AIG. American Airlines is a private company.

You are showing your ignorance of economics so I can only assume that you were one of the unfortunate majority who were only exposed to typical Keynesian and Monetarist theory. You point out that all of the mentioned companies got a bailout which is proof of some sort of failure of the free market or, in your words, "moral hazard". The problem with this logic is that bailouts are government actions, not private actions. If this were truly a free market these companies would fail and/or go through bankruptcy, the resources would be re-allocated, and life would go on. In the reality of America, unfortunately, the government regulates and manipulates the market to such an extent that virtually every business is either subsidized or restricted by the government. This skews the information gleaned from prices and we are left with wild swings of the business cycle.

If you do in fact support "not throwing out the baby with the bath water" then you should support a removal of government meddling with business. Virtually none of them actually realize it, but the protesters involved with OWS are in de facto protest against government. All of the alleged evils of corporations would not be possible without the interference of our wonderful government.