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Those who advocate government intervention where markets have not performed optimally also miss one important consideration: what the profit motive is to commer
by Gormo 17y ago
Those who advocate government intervention where markets have not performed optimally also miss one important consideration: what the profit motive is to commercial business, the power/influence motive is to government institutions.
Even where a true public good exists, automatically defaulting to a government solution still leaves us vulnerable to corruption and greed where the incentives for political influence do not exactly align with the true public interest, with the added problem that government solutions tend toward centralization and monopoly even more often than commercial markets.
I think that the "market vs. government" model is a false dichotomy - there is an entire spectrum of viable organizational models within civil society, which can deliver public and private goods without compromising pluralism, voluntary cooperation, or individual liberty.