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Listen, I'm a liberal and that's all definitely just capitalism done inefficiently. There's no way it could possibly represent a large unified body of labor working in concert towards their own collective benefit. I've read my Milton Friedman and I know for a fact that it never works.
not sure if this is bait, but public companies are inherently more efficient per dollar than private companies from the simple fact that they don't need to waste money paying shareholders
public companies are inherently more efficient per dollar than private companies
So, yes, its bait.
But a bit more seriously, the Marxian reasoning behind stages of human development more or less requiring capitalism stems from the rapid reinvestment that capitalists enjoy early on when profits are high.
If you can replicate that reinvestment cycle in the public sector, that's fantastic. Historically, however, it has been pretty rare to see a population make the jump straight from agrarian aristocracy to industrial socialism.
it looks like you're implying state investment isn't capitalistic. if that's the case: capitalism requires state intervention
you’re implying state investment isn’t capitalistic.
State investment isn't traditionally intended to yield a fiscal profit. Mobilizing the petite bourgeois is harder without the promise of compound growth.
Capitalism offers an opportunity for rapid expansion of exploitation.
capitalism requires state intervention
Inevitably. But to the benefit of the private landlords.