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Nationalized industries are notorious for their inability to operate at a profit.
-Paul Getty
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Nationalized Industries Are Notorious For Their Inability

Paul Getty
Nationalized industries are notorious for their inability to operate at a profit.
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Inability Economy Notorious

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Capital does not 'beget profit' as marx thought. the capital goods as such are dead things that in themselves do not accomplish anything. if they are utilized according to a good idea, profit results. if they are utilized according to a mistaken idea, no profit or losses result. it is the entrepreneurial decision that creates either profit or loss.
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I don't operate on smokers. i tell cigarette smokers that i can operate on you, i get paid the same. and you might even do well. but it's the wrong thing to do. so i refuse to operate on you until you stop smoking.
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For the corporation executives, the military metaphysic often coincides with their interest in a stable and planned flow of profit; it enables them to have their risk underwritten by public money; it enables them reasonably to expect that they can exploit for private profit now and later, the risky research developments paid for by public money. it is, in brief, a mask of the subsidized capitalism from which they extract profit and upon which their power is based.
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The [liberals] consider profits as objectionable. the very existence of profits is in their eyes a proof that wage rates could be raised without harm to anybody. they speak of profit without dealing with loss. profit and loss are the instruments by means of which the consumers keep a tight rein on all business activities. a profitable enterprise tends to expand; an unprofitable one tends to shrink. the elimination of profit renders production rigid and abolishes the consumer's control.
Mean Eye Loss
Owners of capital will stimulate working class to buy more and more of expensive goods, houses and technology, pushing them to take more and more expensive credits, until their debt becomes unbearable. the unpaid debt will lead to bankruptcy of banks which will have to be nationalized and state will have to take the road which will eventually lead to communism.
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There can be no profit in the making or selling of things to be destroyed in war. men may think that they have such profit, but in the end the profit will turn out to be a loss.
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