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> Governments are much less efficient than private companies at spending; This is frequently touted as an axiom, but usually 0 evidence is provided. Can you ba
by antisthenes 4y ago
> Governments are much less efficient than private companies at spending;
This is frequently touted as an axiom, but usually 0 evidence is provided. Can you back this up in any way or form? Or is this just something you've heard as a political talking point?
Looking at the VC craze and company overspending during the Remove/Covid craze, it's completely not evident that private companies are 'better' at spending money than governments. If anything, many of them displayed poor fiscal discipline through overhiring and basing long-term strategies off of a limited-time pandemic.