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Allow me to rephrase:
1. The mantra should be: "competition is good, monopolies are bad".
2. Where competition is technically unfeasable, public monopolies are a lesser evil than private monopolies.
3. Public monopolies have the highest tendency to work well in nations with a tradition of using a guillotine.
JM2B.
Pablo.
"Accident: An inevitable occurrence due to the action of immutable natural laws." (Ambrose Bierce, circa 1899).
"You are to act in the light of experience as guided by intelligence" (Rex Stout, "In the Best Families", 1950).
modified 27-Nov-13 6:49am.
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Remember Louis XIV quote: Quote: l'etat c'est moi
What is then the difference between a absolute ruler vs a private company. If everyone is given the same rights in the world, the companies that are competing are nations instead. Not that far fetched in modern Europe at least.
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As a person who lives in a former communist country where almost everything was state owned I can assure you that privately owned companies are way better for general well-being of the country. People tried nationalization in the past (or even currently - like in Venezuela) - it always leads to dismal failure.
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It depends on how you manage them. Unfortunately, there's little incentive to manage a nationalized company well, so it tends to result in epic failure.
However, "managing a private company well" means "screwing people over as efficiently as possible", so that also tends to result in epic failure.
You just can't win.
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harold aptroot wrote: there's little incentive to manage a nationalized company well
Theoretically the same incentive as the manager in a private company; keeping one's job. One can evaluate the work done each year, and replace the manager if he does not deliver. Works for both private and public entities, even though our American friends would like to have us believe that managers of public companies cannot be replaced even if inadequate.
Larger companies have a shareholders-meeting; they determine whether the manager does his job well. If they want a manager that screws their customers and employees (and killing the corporation in the process), then they're free to keep him. Does not mean that large corporations "have" to fail epically.
harold aptroot wrote: You just can't win.
Not with them one-liners from the economics-corner.
Bastard Programmer from Hell 
If you can't read my code, try converting it here[^]
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You appear to have found a nice pair of rose-coloured spectacles.
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harold aptroot wrote: You appear to have found a nice pair of rose-coloured spectacles.
..and you appear to have run out of arguments.
The only technical difference is profit, and only the Anglosaxon model of capitalism would state that (short term) profit is the ultimate goal. Your abstraction is leaky, to quote Joel Spolsky.
Bastard Programmer from Hell
If you can't read my code, try converting it here[^]
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I have arguments. I'm not interested in using any of them - they'd just lead to a pointless discussion that would take us from economics to human nature to other stuff, and neither one of us would convince the other.
Waste of time.
Let's just disagree without arguing about it first.
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Our experience in Egypt is that nationalized companies tend to be cesspools of corruption, indifference and colossal failure.
There is simply no incentive for the employees or management to make the public company succeed, as they will get their salaries anyway.
National companies that were privatized in the 1990's became much more successful, especially when it comes to quality and customer service.
To address Rob's point about adding income to the treasury, the best approach would be a hybrid one. Ex: The Egyptian government owns a large chunk of Vodafone Egypt.
Amr Abdel Majeed
Senior Software Developer
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One thing overlooked in the private vs government run, when private organization fail a project is that governments, often, never stop interfering. Also, with government run projects, creative "financing" can often be used to make a project appear successful.
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Why isn't Dr. Who free in the USA?
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Rob Philpott wrote: Why doesn't the Bank of England offer a rival service with profits fed back into the treasury?
A big reason is infrastructure. How do you process the transactions? How do you handle charge backs? What about customer service? Billing?
Visa, Mastercard, American Express, etc. have built all this up over decades. Discover was able to avoid many of the same mistakes the "pioneers" made, but their success was arguably built on having no-fees and cash back, both of which are common today. WIth the market so flooded with cards, issuing a completely new one would be pretty risky. (Besides, I'm sure Bank of England has a rebranded card and gets some of those transaction fees. I'm also surprised you'd think the profits would be fed back into the treasury and not bureaucrats' pockets.)
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Christmas party[^]
So, are your companies having a Christmas party?
Once again I will be having a lavish affair - I might even allow spouses this year - but given it's just me I don't think I'll have to book ahead too far...
One company I used to work for had it's Christmas party in April: it just slipped and couldn't book it earlier one year, but stuck with it after that. It decided it was easier to book a nice place, it was cheaper and it made a good break for the staff at a dull time of year. Worked well.
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Yeah here they gave it up doing something in December too... We have usually 2 or more company events throughout the year instead.
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But at least April is in spring.
If I ever get crazy enough to run my own company I'll have the Christmas party in mid November as it's dark, rainy and depressive then.
Politicians are always realistically manoeuvering for the next election. They are obsolete as fundamental problem-solvers.
Buckminster Fuller
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We have our Christmas party on .. Friday the 13th..
It's allways ca.10 days before Christmas since I am here..
The signature is in building process.. Please wait...
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Yes, we have but by my old tradition i don't attend to that kind of no coding work related events like xmas party or team buildings
Microsoft ... the only place where VARIANT_TRUE != true
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I won't go this year as last year my boss touched me inappropriately at the Christmas Drinks. It's bad enough working on your own, but when that happens. 
Mrs Wife is having a do at her place for all employees, spouses and children. She has also agreed that she will drive home. 
speramus in juniperus
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Nagy Vilmos wrote: She has also agreed that she will drive home.
She should also give a small hint to her bosses about stocking the right amount of gin with the following sentence : "Nagy is coming to the building. Bring the gin out!"
Microsoft ... the only place where VARIANT_TRUE != true
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Well the Big Boss will not be there, he'll be in the States that week so his deputy will be organising everything. That'll be Mrs Wife then.
speramus in juniperus
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Hehehehe, you are lucky  I just wonder how you would look in a suit. Please provide with evidence after the event.
Microsoft ... the only place where VARIANT_TRUE != true
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Nagy Vilmos wrote: She has also agreed that she will drive home.
You'll pay for that one way or another...
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They're having one; but I despise formal dress and RSVPed my intent to blow it off again.
Did you ever see history portrayed as an old man with a wise brow and pulseless heart, waging all things in the balance of reason?
Is not rather the genius of history like an eternal, imploring maiden, full of fire, with a burning heart and flaming soul, humanly warm and humanly beautiful?
--Zachris Topelius
Training a telescope on one’s own belly button will only reveal lint. You like that? You go right on staring at it. I prefer looking at galaxies.
-- Sarah Hoyt
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Our office Christmas party is at a local hotel.
Special discounted room were made available at £49.
The Premier Inn next door was £29.
A couple of weeks ago a colleague was looking at the hotel website and rooms were £20.
I got the cheapest deal, I'm not going.
“I believe that there is an equality to all humanity. We all suck.” Bill Hicks
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"Plus ça change? No point returning to university before junction is currently operating!"(9)
Best of luck.
---------------------------------
Obscurum per obscurius.
Ad astra per alas porci.
Quidquid latine dictum sit, altum videtur .
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