[quote=investor]With your ideals, I agree. The problem is how to incentivise the government workers/ system. If you could make government efficient, the UAW (whom I lump together with government, which you may not agree with) would put out competitive cars wouldn’t they?[/quote]
The ideals are correct but the criticisms here are cliche and misplaced.
Government can, and frequently does, serve a useful purpose. It is not ‘inherently’ bad or wasteful. Governmental organizations are the same as any other organization, a reflection of the people involved.
Let’s be clear. Inefficiency and waste occurs all the time in the private sector. So does collusion, corruption, business failure, bubbles, panics and even market failure. Tremendous inefficiencies.
Look at our INSOLVENT private sector banking industry which, absent meaningful government regulation, gambled away massive amounts of private deposits on ludicrous financial leverage schemes and nearly destroyed our economy.
Yeah, government is the problem. Heard it before. Whatever.
