Monday, January 18, 2010

Private Gain, Public Pain

Two recent articles [below] highlight the misguided efforts of entrepreneurializing government and public agencies. If we all act like a business, worship the market, and strive for bloated profits, all will be right with the world.

This snake-oil has caused us to believe public goods and infrastructure no longer matter. Everyone and everything must compete.

And, for some reason, we keep banging our collective head against this wall even though it has increased volatility and risk, while concentrating gains among a select few and leaving the increasing loses the responsibility of the taxpayers.

For Further Reading:
Public Benefits, Taxpayer Pain
The New Threat From Wall Street

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