Re: Kocharian: a criminal?
I just caught this.
What's your hang up with privatization? It seems all the socialistic types complain about privatizing, like it's some evil boogeyman because it does not neatly fit into the perfect utopian mold of state run economies. Privatization is where capital comes from and grows. That is how wealth is created, and investments occur. State-run top down socialistic enterprises are what stunt development back. This is the best way for the allocation of resources from private capital, because we all know that the state tends to mismanage and misallocate resources.
The more investment, the more privatization and the less the state holds on to these things, the more efficient and effective Armenia's economy will develop. I know everyone has a privatization 'sob story' but that is a confusing cause and effect.
Originally posted by freakyfreaky
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What's your hang up with privatization? It seems all the socialistic types complain about privatizing, like it's some evil boogeyman because it does not neatly fit into the perfect utopian mold of state run economies. Privatization is where capital comes from and grows. That is how wealth is created, and investments occur. State-run top down socialistic enterprises are what stunt development back. This is the best way for the allocation of resources from private capital, because we all know that the state tends to mismanage and misallocate resources.
The more investment, the more privatization and the less the state holds on to these things, the more efficient and effective Armenia's economy will develop. I know everyone has a privatization 'sob story' but that is a confusing cause and effect.
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