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I largely agree with your take here but it still seems to assume that government spending is wasteful. From what I can see government spending is actually pret
by mulmen 2y ago
I largely agree with your take here but it still seems to assume that government spending is wasteful. From what I can see government spending is actually pretty efficient and held to a very high standard of accountability.
On the other hand corporate America has a terrible track record. We have Boeing and GM who exist only because the government keeps bailing them out to prevent economic ruin. Look me in the eye and tell me Sears was an efficient operation.
How many of us look at our cloud spend and think to ourselves “I’m certain we haven’t wasted a penny.”
Look at all the VC money that was lit on fire to do food delivery and taxi dispatch. It works now but I can’t say that was financially efficient and it still isn’t affordable. DoorDash provides worse service for more money than a teenager with a used Corolla left to their own devices.
Waste is everywhere but I’m really not convinced the government is the worst or even particularly bad.