re: #139 Guanxi88

Unless you’re in the business of providing them. Then they’re essential.

Some services cannot be provided reliably by the Private Sector: police and judicial, environmental and health oversight, defense. Others are of no interest to the private sector, like space exploration.

And the Great Depression saw people lose their life savings, which had an enormous social impact: it shattered the very foundations of our capitalists system. The government then put mechanisms in place (The Fed, and Social Security, for example) to make sure that did not happen again.