Re:Competition Is Dying, and Taking Capitalism with It?
by pdonis on Thursday November 29, 2018 @12:56PM
(#18562167)
> The main places where "government" provides value, in my opinion, are where there are market failures, or where collective action gives a lot of benefit.
Unfortunately, even in cases where there is a lot of theoretical benefit to collective action, government intervention rarely, if ever, realizes that benefit--for exactly the reasons #1 through #4 that you give.
I like to use in this context a paraphrase of the old joke about regular expressions: Some people, whenever they see a problem, think "We'll just get the government to fix it." Now they have two problems.
Unfortunately, even in cases where there is a lot of theoretical benefit to collective action, government intervention rarely, if ever, realizes that benefit--for exactly the reasons #1 through #4 that you give.
I like to use in this context a paraphrase of the old joke about regular expressions: Some people, whenever they see a problem, think "We'll just get the government to fix it." Now they have two problems.