Originally Posted by BR
Can YOU explain why everything is done better with profit as the sole driving force?
It's impolite to answer a question with a question.
Frankly Adam Smith probably put it best a couple of hundred years ago in his famous "invisible hand" narrative. That said, I will do my best.
When someone seeks to earn money in any way (whether we call that profit or wages) that person must
, in a free market where he or she can only obtain those profits (or wages) by voluntary
exchange, provide products or services that others need or desire. The better they do this, the more people's needs and desires they meet, the greater their profit or wage. When their profit or wage is large, this entices others to begin offering similar products or services with some new advantage for customers in order to garner some or all of that profit. This process continues as new competitors enter the given market each striving to win customers by continuing to provide even better products or services at even better prices in order to win this business. All of this is done in the pursuit of profit.
In other words, in a free market, the only way to sustainably make money is to serve other people according to their own needs and desires.
Government entities do not usually suffer the same burden. Yes officials can be voted in and out of office but in the market the consequences for poor service are often much more direct and immediate. If I don't like how the local school does things...tough...they still get my money. If the local police department is slow or incompetent in responding to a crime...tough...they still get my money. Etc.
Now, will you answer my question?