21
May
Why Government Can't Run a Business
Filed Under (Society) by Jean Valjean on 21-05-2009
The Obama administration is bent on becoming a major player in — if not taking over entirely — America’s health care, automobile and banking industries. Before that happens, it might be a good idea to look at the government’s track record in running economic enterprises. It is terrible. Here’s why:
- Governments are run by politicians, not businessmen.
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- Governments use other people’s money.
- Government does not tolerate competition.
- Government enterprises are almost always monopolies and thus do not face competition at all. download Maniac Cop 2
- Successful corporations are run by benevolent despots.
- Government is regulated by government. Make It Happen divx
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Read the full article, and explanation of each reason listed above, at the original article at the Wall Street Journal.
Written by Jean Valjean
