Because it is unearned buying power, they don't act with
Posted on: December 3, 2016 at 13:40:49 CT
ummmm MU
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their own capital on the line, they don't act in accordance with market signals like profits/losses, they act upon the whims of bureaucrats, and because their buying power is immense (it is so many times larger than any one private entity).
Their immense buying power causes all sorts of misallocations and undesired results.