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I've seen no evidence of that. Pretty much the entire advanced world has seen its rate of progress slow since the late 1960s, in concurrence with growing public
by Jabanga 9y ago
I've seen no evidence of that. Pretty much the entire advanced world has seen its rate of progress slow since the late 1960s, in concurrence with growing public sectors.
- nl 9y agoPretty much the entire advanced world has seen its rate of progress slow since the late 1960s, in concurrence with growing public sectors How are you measuring progress there? If you mean economic growth then now might be a good time to point out that correlation does now imply causation. Otherwise perhaps increasing life expectancy also causes a larger public sector? ;)
- Jabanga 9y agoCorrelation can be an indication of a causative association. I believe in that case of the growth in the public sector and the slowdown in GDP growth, it is.
- nl 9y agoI believe in that case of the growth in the public sector and the slowdown in GDP growth, it is. Do you have any evidence of that at all? Because I have evidence showing the opposite: eg China has an estimated public sector value of between 29% and 50%[1] and it is generally regarded as a high-growth economy (6.5%+ growth(, while somewhere like Greece (22% public sector, 0% growth) isn't. In-fact, eyeballing that table doesn't show much apparent correlation at all. There are high-growth, high-public sector countries, high-growth, low public sector countries, low public sector, low growth AND low public sector high growth countries. [1] https://en.wikipedia.org/wiki/List_of_countries_by_public_sector https://en.wikipedia.org/wiki/List_of_countries_by_public_se...
- Jabanga 9y agoShare of employees working in the public sector is a more narrow statistic than the total role of government in the economy. The share of GDP consisting of government spending is a better measure of that. The correlation between the size of government, as percentage of GDP, and GDP growth, is strong. [1] China has substantially lower levels of social welfare spending. Its healthcare spending as a percentage of GDP is 5.5% for example [2]. Labour regulations are also much less onerous. You can use IQ tests to filter candidates for example, which would be extremely illegal in the West. [1] http://ime.bg/uploads/335309_OptimalSizeOfGovernment.pdf http://ime.bg/uploads/335309_OptimalSizeOfGovernment.pdf [2] http://data.worldbank.org/indicator/SH.XPD.TOTL.ZS?locations=CN http://data.worldbank.org/indicator/SH.XPD.TOTL.ZS?locations...
- abritinthebay 9y agoI'd argue that you'd have to come up with a VERY suspect definition of "progress" to make that stick. Especially as almost all the major innovation in that time started with tech developed from public funding. NASA, DARPA, and CERN would like a word with you. Also most of the private sector innovation was due to public funding and tax code incentives (Bell Labs, Xerox PARC, etc). So basically technology, science, medicine, and social programs must either not count as progress for your hypothesis to hold... or it's bunk.
- Jabanga 9y agoProgress as defined by gains in per capita GDP, median wages, and life expectancy. And the public sector growth that I view as harmful is growth in social welfare programs and regulations restricting business activity. >Especially as almost all the major innovation in that time started with tech developed from public funding. Quite a bold statement..
- abritinthebay 9y agoBold? Not really. Basically your idea of progress is “pure unrestrained corporatism” which is pretty horrific. Thank god your reality doesn’t exist - we’ve seen what happens when it gets closer to that and the human cost is disgustingly high. Progress my ass.