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C21st left : Comments
By Barry York, published 13/10/2014What passes for left-wing today strikes me as antithetical to the rebellious optimistic outlook we had back then.
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It is simply nonsense to claim governments are more accountable to their subjects than private firms are to their shareholders or customers. If governments were held to the same standards as private corporations, all politicians would be in prison for a very long time.
“governments have access to cheaper finance than the private sector.”
Well if the private sector granted itself a right to threaten to lock people up to get their money, they’d have access to cheaper finance too wouldn’t they? So according to your theory, that would make society more efficient and sustainable, wouldn’t it?
The question is not whether it’s cheaper, it’s whether it’s more efficient, and obviously if it didn’t involve people forcing people to forego what they value more, in favour of what they value less, then no coercion would be necessary, would it? You’re not coming to terms with the fundamental values which efficiency is supposed to serve.
“As for making resource use more sustainable, that's because governments make and enforce laws.”
Making and enforcing laws does not, of itself, make resource use more sustainable. If it did, communism would have been an environmental paradise.
As to your five reasons.
1.
Cheaper capital
If it’s cheaper because of government’s coercive advantage, which it is, then you haven’t established that it’s more efficient, see above.
2.
“the private sector organization not passing on the savings.”
a) You haven’t established why the net benefit to society would be better if they did, than if they didn’t. You’re assuming you know what the configuration of supply, demand and price should be. You don’t. (Or if you do, you need to prove it, not just assume it, because that’s what’s in issue.)