A lot of people talk about the inefficiencies of government with lots of cushy career bureaucrats that are lazy. In truth, US government federal employees get s

A lot of people talk about the inefficiencies of government with lots of cushy career bureaucrats that are lazy. In truth, US government federal employees get substantially worse benefits and protections than private sector EU companies while much of the ire is directed at “lazy” public sector employees. The kinds of experimentation and wild re-orgs constantly in private sector have substantial costs and so many of them are not so much product driven as they are investor fad driven it’s a ton of capital waste. Yet somehow market proponents see that as healthy and by design. Like uh, then by design public sector is supposed to be more stable and they have different kinds of capital inefficiencies systemically and we are spreading out risk as a society similar to a long term financial portfolio.