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Incentives for governments to deliver good results are much lower than in the private markets(not non-existent though), which is why governments are so bad at c
by mym1990 5y ago
Incentives for governments to deliver good results are much lower than in the private markets(not non-existent though), which is why governments are so bad at capital allocation. Its almost like the government wants to look like they are doing something, without ever actually following through.
- fennecfoxen 5y agoI think you misunderstand the incentives. The elimination of the residential hotels and boarding houses of yesteryear (to be replaced with two-or-three bedroom apartments) was a deliberate exercise in class warfare, and the governments in question were largely delivering what voters wanted. The remarkable part is the people who still defend the measures as for-the-poor's-own-good.
- mym1990 5y agoI very well might, but my particular observation is with government behavior towards most projects, not just the one in this headline.