A mix of public and private ownership is a socialist arrangement, and a sly tactic employed by those looking for increased power, albeit under a different name: the public-private partnership. PPPs are essentially contracts between a public agency and a private company where assets, risks, and rewards are shared in providing a good or service to the public. The greater the extent of government ownership, the larger the amount of calculational chaos, and the closer we move toward socialism. FULL ARTICLE
Source link: http://archive.mises.org/9094/the-back-door-to-socialism/
The Back Door to Socialism
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