yes but look at China, all Chinese industry is Government owned....what the Chinese have done over the last 20 years, their transformation to be the worlds biggest exporter by volume, is amazing.
Also, we in the UK can’t knock Russia….the Russians make the electric drives for their own warships…in UK we are not capable of doing that…the French do it for us….i used to work for the French company that does this.
Classic examples of the failure of Private companies are the ones that revamped the software system of the NHS in UK…they pilfered a fortune in fees from the UK government, and produced a mediocre product which recently got hacked by international hackers…..look at the private companies that did the rail work in London…Metronet….that was a disaster…spent billions more than they should have and were very late to deliver.
Look at the privatised rail companies in UK that had to get taken back into government control, because they were so poor.
As we all know, both Government run, and private companies, both have severe dificiencies….that is why a balance must be struck, and a good quantity of each should be employed.
An engineer working in a public company will do a great job, because they want the product on their CV. ….so that one day they can go into the private sector and perhaps earn that little bit more.
In World war Two, the Germans /British/ Yanks produced some of the greatest technology,…..all working under government control.
Also, look at your country’s entire education system…it is government controlled…..private companies could never be trusted to do this right. As they would simply and greedily try and direct it to serve their own particular purpose.
Also, look at the way the British and German pilots aquitted themselves in the Battle of Britain….the bravery of each was unbelievable…..all working under government control…look at the bravery of the Yank and Canadian atlantic conveyors, bringing stuff across the atlantic in 1942 and being attacked by U-boats…….do not underestimate the resolve of people to do fantastic things when working under government control when their backs are up against it…..and in UK, (and many other countries), our backs are up against it now….
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...look at the way the russians defended themselves in the battle of kursk...all working under government control............the german soldiers also, (they were forced into it remember)...also acted in superhuman ways.....all working under government control.
The Japanese too…all Japan companys are (behind the scenes) government controlled………I used to work for panasonic, and we were only allowed to pick from Japanese components….they didn’t have to be Panasonic, but did have to be Japanese made.
Also, look at Harvard engineering in UK….they made a fantastic range of streetlight led drivers, all with an enormous UK government grant…they would never have done this without the government help…as they would have just bought from China instead.
Too bad that it wasn’t done under tighter government control..because then we could have done it in a manner whereby multiple led driver designers were trained up, who could go into the wider economy afterwards and work as power supply designers for other british companies.
The most succesful tech companies in the world are government controlled…..take the American semiconductor designers…Texas, Analog devices, onsemi, etc etc……..they are USA government controlled….there is no way the USA government would allow them to be free private enterprises…..these industries form the heart of the American military machine. There is no way the Yank government would allow them to be free and private…because if they were they could get bought out by foreigners etc etc….or “influenced” to sell off some of their IP to foreigners etc etc
They are government controlled, and they are massively successful…I could say “I rest my case”