Re:Bombardier to Cut 7,500 More Jobs Through 2018, Most in Rail
by DominikR on Friday October 21, 2016 @01:46PM
(#12762739)
Ideally yes, but practically it more often than not isn't, especially if it's the federal government that decides.
If governments owning and directing whole economic sectors truly was an efficient way to manage an economy then Socialism (government demand driving the economy) would've beaten Capitalism (private demand driving the economy) easily and by a long shot.
It didn't just fail being more efficient than Capitalism, it even consistently ended up impoverishing and corrupting any nation that tried implementing it.
If governments owning and directing whole economic sectors truly was an efficient way to manage an economy then Socialism (government demand driving the economy) would've beaten Capitalism (private demand driving the economy) easily and by a long shot.
It didn't just fail being more efficient than Capitalism, it even consistently ended up impoverishing and corrupting any nation that tried implementing it.