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The only problem is that government investment has led to mixed (and often disastrous) results in the past.[1][2][3][4][5] [1] http://en.wikipedia.org/wiki/The
by nickff 13y ago
The only problem is that government investment has led to mixed (and often disastrous) results in the past.[1][2][3][4][5]
[1] http://en.wikipedia.org/wiki/The_Elusive_Quest_for_Growth http://en.wikipedia.org/wiki/The_Elusive_Quest_for_Growth
[2] http://object.cato.org/sites/cato.org/files/serials/files/cato-journal/2006/5/cj26n2-17.pdf http://object.cato.org/sites/cato.org/files/serials/files/ca...
[3] http://en.wikipedia.org/wiki/Soviet_Union http://en.wikipedia.org/wiki/Soviet_Union
[4] http://en.wikipedia.org/wiki/North_Korea http://en.wikipedia.org/wiki/North_Korea
[5] http://en.wikipedia.org/wiki/Cuba http://en.wikipedia.org/wiki/Cuba
- wpietri 13y agoIf you know of an approach that succeeds 100% of the time, I look forward to hearing about it. But choosing North Korea as your counterexample in opposition to modest government investment in long-term poverty reduction/capital creation efforts like education and health care is a ridiculous straw man. No statistics are available, but they surely must be one of the worst.