Profit madness...

Statements such as “For one, the private economy invests each dollar of earnings more efficiently than the government spends the taxes collected. have to be put in context[”http://learningfromdogs.com/2009/12/29/government-spending-and-hamburgers]. Always.

Say the “private enterprise” is a casino in Las Vegas. So is it “more efficient” to put up another massive tower in Vegas than to give money to researchers at NIH looking for a cure for cancer or aging? Is it more efficient to send Vegas money to some tax heaven, than to have the Federal government pay some private enterprise to make thousands of millimetric bodyscanners, and pay for more efficient intelligence services?

I am very far from a statist fanatic. The US gov should not have saved General Motors, for example. It should be sold to Renault (if the later is still interested by devouring it).

But, ultimately, in a democracy, it’s the government that calls the shots, not the rich. In the later case, when the Rich calls the shots, all the shots, it’s called a PLUTOCRACY. And, in the fullness of time, it does not work as well. History, and theory, show.

PA
http://patriceayme.wordpress.com/