Harris Says Privatizing Fannie Mae And Freddie Mac Could Add $1,200 To Mortgage Costs: Is She Right?
untorquer @ untorquer @lemmy.world Posts 0Comments 629Joined 2 yr. ago
untorquer @ untorquer @lemmy.world
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Nationalized services do not need a profit motive.
I wish we could slap it through our heads that socialized systems are OK to be lossy. They are paid for through taxation. They do not need to profit off the consumer. Privatization reverses this. It defunds them and moves the cost to the consumper, implementing a profit motive.
There are few simpler concepts.