Because they don’t care about profits, they always end up overpaying and taking way longer time than necessary.
And who pays for that? The whole society: Either the government raises taxes, gets more in debt, or they print more money driving inflation up.
The most basic commodity, food, is a great example. The moment the government has ever step into controlling production of food, we’ve only seen subpar performance and starving people as a consequence. Ultimately killing millions (USRR, China, Korea…)
> The moment the government has ever step into controlling production of food, we’ve only seen subpar performance and starving people as a consequence.
You might be surprised to hear how heavily government directed and subsidized food production is in the USA.
This is nonsense. Agricultural subsidies are the largest item in the EU budget. Nobody is starving in Europe