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He's saying the market is better than allocating money than government. If the politicians and bureaucrats are so good at investing, why don't they do it priva
by laut 16y ago
He's saying the market is better than allocating money than government.
If the politicians and bureaucrats are so good at investing, why don't they do it privately instead of working for the government?
You are assuming that government is better at allocating resources than the market. If the government is better at investing than private capital, why even have a market economy? Why not have a command economy like in the Soviet Union?