Just to add to the conversation, personally I back and forth a bit on which things should be public or private owned, farms especially.
My general reasoning is that when a "best" solution is known, monopolies tend to form; monopolies tend to extract as much economic rent as possible; I'd rather economic rents be extracted by a government for the purpose of national benefit rather than personal enrichment.
Conversely, when there is no known "best" solution, a free market allows a range of entrepreneurs the opportunity to try their ideas in the hope of cornering the market.
I think water is probably in the first, but with a caveat that this is a high-level thing and it's fine to have hundreds of different companies trying to figure out the best ways to make and install municipal pipes, that work is contracted to by local governments.
Food? I dunno, weather is still a massive dice roll for farming output. Perhaps nationalisation would work, perhaps subsidies, price regulations for inputs and floors for outputs, are the least wrong way to do this. But I'm extremely uncertain.
Just to add to the conversation, personally I back and forth a bit on which things should be public or private owned, farms especially.
My general reasoning is that when a "best" solution is known, monopolies tend to form; monopolies tend to extract as much economic rent as possible; I'd rather economic rents be extracted by a government for the purpose of national benefit rather than personal enrichment.
Conversely, when there is no known "best" solution, a free market allows a range of entrepreneurs the opportunity to try their ideas in the hope of cornering the market.
I think water is probably in the first, but with a caveat that this is a high-level thing and it's fine to have hundreds of different companies trying to figure out the best ways to make and install municipal pipes, that work is contracted to by local governments.
Food? I dunno, weather is still a massive dice roll for farming output. Perhaps nationalisation would work, perhaps subsidies, price regulations for inputs and floors for outputs, are the least wrong way to do this. But I'm extremely uncertain.