Hacker News new | comments | show | ask | jobs | submit login

I'd disagree. Government is much more efficient at funding capital projects. Public companies are largely incapable of sustaining them at scale.

The Bell System was built through implicit subsidy of capital expenses, by the allowance of monopoly, favorable tax treatments of convertible bonds, and a regulatory regime that locked in profit.




Applications are open for YC Winter 2019

Guidelines | FAQ | Support | API | Security | Lists | Bookmarklet | Legal | Apply to YC | Contact

Search: