we need organisations

industries

and part of this process involves exiting occasionally to pursue new goals

dot can spend the money at various contractors if they are trying to spread the economic activity around, etc

no need for any financialization

..........

there is a need for financialisation to some degree, because pecuniary incentives create incentives to grow and innovate

which is something i want

the government is not constrained by that, they can simple fund the contracts and tax the economic activity that results from building the infrastructure

and we're not gambling on the stock market to build roads

you realise a government STILL EXISTS

these public banks exist instead of private ones

sure, the gov existing makes this whole trip even less 'necessary'

no it doesnt though

this kind of stuff is how governments get in trouble. governments shoudl stick to what they do best, which is NOT operating on a profit/loss basis

the whole point of keeping a stock market and professional investors with pecuniary incentives is to keep the structure of society not only intact (historical skillsets are bad to dispel because of unemployment and civil unrest), but also for purposes of innovation and improvement of everyday products with monetary incentives

the incentives of government and taxation really don't support using that model

governments shouldnt operate on profit/loss bases, stop strawmanning this system

to take advantage of having a stock markets, etc, society needs many 'losers', and you dont want your gov fund being one of those and statistically, there is a good chance it will be

government exists SEPARATE to these public banks

and guess what, governments can bail shit out if they need to

they can nationalise shit

that's not a straw man, by putting public funds in these stock market playing banks, you are inviting in the profit /loss system

well if you can do that, why bother with this intermeditate unnecessary step

as i said above

just finance the project you want

tax the economic activity afterwards

but youve literally ignored ALL the reasons for this system by saying its unneccessary

youve addressed absolutely none of the reasons for why its good

whats it like to be this fucking dumb

there is no reason for it, that's not what stock markets are about. the govenrment doesnt have to play profit and loss game like an individual trying to get paid on stock market is

governments are not playing profit loss

and if you think they are

you do not understand the system

the government has its own budget

separate to the banks

the banks are owned by the people of their regions

that changes nothing if those banks are not normal banks with investors that can lose money, etc. if they are some sort of GSE and if the possibility of a bailout comes if they lose money etc

we are back where we started

completely unnecessary if the end result of a loss is a bailout

your argument is equivalent to, "why even have a capitalist market, because government just bails out big business when it fails anyway"