Sometimes state-owned enterprises might be able to outperform a private structure!
They can ... until they don't and there's no market correction in place anymore to keep them in check.
It's going to take another decade to feel this effect but it'll be there in full force.
The profit driven system is supposed to self-correct. We see this today, with Boeing for example (yes /s).
Now beyond snark, we can ask is the same thing happening to us that happened to the "commies" with the 'defense and national security' establishment raising troubling doppelgangers of "state industry" from the body of "market driven" neo-liberal capitalist societies?
So, we see issue is not really "ownership" but rather establishments ..
At least that’s the idea, I think. May as well steel man the argument.
Or are you more complaining about the lack of honesty in these defacto situations?
In China, any company larger than a tiny one is state controlled anyway - someone from the CCP needs to have a board seat, and everyone knows what happens if you anger the party.
But it's extremely unlikely, given how often the opposite occurs instead in historical data.
The more important question is if it is worth it, since money spent is zero sum.
Also, we could use more zero sum that redistributes wealth towards huge masses, even if that means some billionaires will have fewer billions...
There have been far many more economic and capital systems on this rock than just American capitalism.
The other day a guy was complaining about being in jail for a time and how unfair it was that he had a criminal record. Lots of open minded people praising him.
Then a new user called him out for trying to get with a 12 year old. Yikes.
However, Deng also introduced China's 1-child policy (decidedly not capitalism), which is now beginning to seriously strain the system. The future is indeed uncertain.
For some reason I thought it was a quasi-private company owned partially by the government.
You may find insight after reflecting on why a non-American knows this detail about the USPS while you don't.
I'm wondering why you know an obscure fact about postal service in a country you don't live in?
“This thing goes against my orthodoxy therefore I refuse to see it” is exactly the sort of attitude that gets you far away from success.
For the record, I was merely saying it’s possible for a state owned enterprise to do things quickly, even if in practice most of them don’t. So much of the world is just about having the right kind of people at the right place, and that’s true in the public sphere and the private one.
One might start trying to say "well a bunch of money from the state isn't enough to consider it a state owned enterprise", but then the contention is a bit more specific than just about being state owned.
We did get to the moon with "state owned enterprises" anyway...