Ayn Rand and Objectivism

[Mich the Tester]

There's seems to be a misunderstanding that if you work in the private sector then you are automatically creating wealth.

If you are an agency, umbrella company or accountancy and your income is derived from charging a fee to contractors then you are not creating wealth. You are simply diverting already earned income for a service which what the Public Sector does. If any of your clients are working for the Public Sector then you too are on the 'gravy chain' and adding to the cost of public services.

If however you are a contractor in a highly profitable company selling aero engines around the world then you most definitely are creating wealth for UK PLC and the other pseudo private companies that feed on your wealth creation.

I'd also say it's simplistic to state that the public sector doesn't create wealth. Right now I'm working on GIS systems in the public sector which are used in planning business locations, water provisions, electricity provisions, road building etc etc. This contrubutes to the creation of wealth, albeit indirectly, but then 'indirectly' can apply to anyone who isn't actually bashing nails into wood or screwing things together.

[Gibbon]

I'd also say it's simplistic to state that the public sector doesn't create wealth. Right now I'm working on GIS systems in the public sector which are used in planning business locations, water provisions, electricity provisions, road building etc etc. This contrubutes to the creation of wealth, albeit indirectly, but then 'indirectly' can apply to anyone who isn't actually bashing nails into wood or screwing things together.

I agree Mich. I'm disagreeing with the premise that the private sector automatically 'creates wealth'. Does an out sourced company providing care for the elderly but funded by the local authority create wealth?

[Mich the Tester]

I agree Mich. I'm disagreeing with the premise that the private sector automatically 'creates wealth'. Does an out sourced company providing care for the elderly but funded by the local authority create wealth?

For the directors, yes, tuliploads of it. As you say, that's not wealth creation, but diversion of wealth. Don't ask about the people requiring care.

[sasguru]

There's seems to be a misunderstanding that if you work in the private sector then you are automatically creating wealth.

If you are an agency, umbrella company or accountancy and your income is derived from charging a fee to contractors then you are not creating wealth. You are simply diverting already earned income for a service which what the Public Sector does. If any of your clients are working for the Public Sector then you too are on the 'gravy chain' and adding to the cost of public services.

If however you are a contractor in a highly profitable company selling aero engines around the world then you most definitely are creating wealth for UK PLC and the other pseudo private companies that feed on your wealth creation.

Indeed.