This is the reply he messaged me.

The owner has invested the money because he had that kind of money and he want to make more.

People take loans and also just coz someone has that kind of money doesn’t mean it’s not precious for them.

He is not taking risk for humanitarian cause but out of greed of making money out of others needs

And the worker is working for free? There ARE no humanitarian coz, the worker needs job the owner needs the product, the only reason this works is coz it’s mutually beneficial for both the parties and both the parties have come to an official agreement with mutual consent to help each other out.

Also it’s NOT called greed it’s called being aspirational. People who have an idea and who can give people what they want invest THEIR money and THEIR resources to provide the society what it needs in exchange they get money and when this happens many times it’s called a profit.

The owner can’t do shit to grow his money if labourers don’t create and add value to the final product that he would be selling for the sole purpose of generating profit and will even exploit workers to increase his profit margins.

And the labourers can do shit if the owner goes under the bus or there aren’t enough people to own and thereby hire labourers.

And what’s wrong with generating profit again? Profit is the demarcator that tells you that what you’re doing is being used by the people in general.

It’s not workers responsibility if business fails because of bad management or market competition because it’s not co-owned by workers.

That’s just not how it works. There are plenty of reasons for business failures bad workers being one of them

Govt give handouts to save the too big to fail because govt is shitless incompeten

That’s not true atleast not in India which is a very big state polity where the govt is WAAAY more powerful than you have in the west. Also as I said the govt gives handouts to corporates to save the job of the little guy.

It’s state’s responsibility to ensure the well-being of its citizens.

No, the states RESPONSIBILITY is to make sure law and order is maintained, also well being is a VERY subjective term definitely more subjective than saying providing internet for free will DEFINITELY be best for everyone. Maybe had the money been invested somewhere else it would have been OBJECTIVELY better? How would you even know what’s best when you don’t have a metric for it since you hate profits?

What the state is for if it can’t save it’s citizens form getting perished by pvt businesses greed for their basic needs.

The state is the largest entity that oppresses people in the name of saving them. Private businesses generate employment which AGAIN happens when an employer and a worker reach at an agreement that they both need each other. The state is an entity that impedes this mutual agreement.

Why would someone want to buy expensives and go into debt instead of forcing their govt to start a public owned venture to make the same products available at lower and affordable prices with only goal of making the life of people easier instead of hoarding profits.

Coz profits are an incentive and an indicator that the product is ACTUALLY useful. The state on the other hand is too much of an enormous entity which has too much on its hands to ACCURATELY determine people’s needs.

Firstly the price of commodities are dynamically decided by the forces of the market i.e supply and demand which tell us ACCURATELY how much anything costs.

People and economy are a VERY diverse system NO central planner or single entity has the required information to design something that works for all, no one knows what works for all.

Only a brainwashed buckchod person would want to buy something overly expensive from pvt business instead of wanting thier govt to make and sell it to them at lower prices.

Only a stupid dumbfuck would want to buy a sub par good that too made with money which COULD have been invested somewhere better. Also it’s cheap for a reason…just coz you aren’t able to see it RIGHT NOW doesn’t mean it’s not there. Prices aren’t just RANDOM numbers that you can decide to give at. There’s a whole lot of economics behind it.

Also public sector companies are ALWAYS embroiled in either corruption or politics or both which ends up eating the taxpayer money. Look at all the PSUs and then figure out for yourself how good they’ve been.

Free market fallacy is so overdone and old. There is no free market and can never exist.

That’s NOT true, the govt involvement in business infact is fairly new. Also JUST coz you can’t have an ideal free market system doesn’t negate the values of a free economy. And it can exist.

Unlike utopian socialism free market is a REAL and implementable idea. Just allow the people be. Give them MORE FREEDOM and MORE choices as easy as that.

Also the work of the govt is WAAAY more larger in scope for it to JUST jump into a business.

For both of these reasons the govt is mired with red- tapism.

There will always be bigger player with enough capital to destroy the smaller ones turning into monopoly or cartelization

No, the ONLY monopoly is govt monopolies. There’s ALWAYS innovation going around and when a new player comes in and have a better product they can easily replace the monopoly, if the person starts exploiting people coz of it.

If you want you can read the case study of Netflix and Blockbuster. The ONLY thing the govt does is to increase the barrier of entry for the newcomer and thereby increasing monopolistic behaviour.

There is nothing wrong in spending a large part of tax payers money on their well being by providing them free health and education and internet and whatever else they demand and if govt can deliver.

Well being…again a subjective word…maybe instead of spending on internet had it been used in education it would have been better, maybe increasing the infrastructure would’ve created better jobs…who knows?

It’s govt’s job to keep the market in check from over exploitation of resources to environmental degradation to fucking each other up.

Lol had it been that simple India would have been a devloped economy by now. The govt involvement is what makes monopolies possible in the first case, also who’s to say what is too much of a monopoly?

Are you going to penalise growth now?

Give me one reason for if reliance or adani can do it why can’t our govt?

Coz govt isn’t DRIVEN by the same incentive, govt is a political entity which CANNOT do business coz it doesn’t have the requisite information to conduct business. Which is why there’s much corruption in these sectors. They look into the economy, the demand of the consumer and plethora of other factors that are needed to start the production of anything, you can’t just randomly go around buliding stuff without knowing the nuances of the economy.

Are these two bigger then govt?

They aren’t bigger they’re just better at doing business coz they’re driven by an incentive and have the expertise to drive a business. Govt doesn’t have any of it. Also it knowledge deficient.

Or may be these two do alot more things that our govt deem immoral and can’t do easily.

Lol what’s exactly “immoral”? Earning profits? It’s a vague word to throw around.

Why China can open a new PSU and give direct competition to likes of Apple and Samsung all over the world but Indian govt can keep it in profit.

It’s SUCH an irony that you’ve used an example of a country that’s probably more capitalistic than India can ever be.

There is no reason other then excessive incompetence of this Chaddi, Gobar govt and govt’s before them.

You realise most of the PSUs and inefficiency come from the previous govt? India’s fall of economy happened started during early 90s as a result of the bleeding PSUs not to mention the inefficiencies and corruption is a result of that only.

Today’s Technology, quality education and other sophisticated risk management and loss preventing modals were meant to help us fight corruption and well manage those loss making PSU’s and making stand to open more but every thing is going shit since our education system

By probably creating a police state. And again you’re quite underestimating the complexity of economics you can’t just do it by using technology. That’s just NOT how it works.

It’s govt’s responsibility to bridge social and economical devide accross the populace

Who will decide how equal we should be? Also you want equality of what? Equality of opportunity or equality of outcome?

Plus you should mention here that equality isn’t an OBJECTIVE virtue, people can be equally destitute. Just like Afghanistan is.

is no other ways the govt can do it if it can’t run public owned enterprises except giving out free ration

Exactly and there’s no way for the govt to run a PSU efficiently coz of the lack of knowledge and the dynamic needs of the market, which fluctuate and thereby requiring efforts on the individual end to change with time. Which is NOT possible for an entity as big as the govt coz it’s managing a large system which makes it very bulky.

It shows utter brainrot of a govt and it’s citizens if a govt leave it’s citizens well fare to some private business’s greed and exploitation.

No it shows that the govt wants to make ACTUALLY empowered and free citizens who value individual rights and dignity and also value merit instead of making the society a collection of leeches and beggars who are always waiting for someone else to do their job for them or for someone else to buy them internet.

It also means that the govt values pvt initiatives and values individual economic freedom which makes innovation possible.