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0 sats \ 8 replies \ @Undisciplined 14 Jun \ parent \ on: Would You Rather Have Money Manipulated by Governments or Private Companies? bitcoin
That has nothing to do with what I said.
Private prisons enforce state sentences, with state authorization, using state funds. They are part of the state in all but name.
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It's a good question and a reasonable concern, but I think they would be out of business if they had to function on an open market.
The broader question of how unscrupulous private companies would be, given the opportunity, is hard to answer. Market discipline is stricter than political discipline, though, so I don't think they could get away with as much.
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Those are concentration camps in a totalitarian communist state.
What in the world does that have to do with free enterprise?
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Don't be so hard on yourself
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What are you talking about?
Slavery, by definition, cannot occur under free enterprise.
Whistleblowers are almost always assassinated in connection to state activities.
Company scrip is utterly trivial in comparison to fiat currencies.