Re: Why The Worst Get on Top in Economics - http://therealnews.com/t2...
"It depends on how you define 'government' and 'market'. 'Market' does not equal 'for profit' or 'government corruption' and equating the government of Iceland with the US federal government is comparing apples and oranges. Almost all the problems of government in the US trace back to errors of scale i.e. lack of knowledge and objective tests of errors that give real feedbacks. The idea that the US can create the largest government in all history and then vest more and more powers at its centre and then complain that it is being corrupted is strange. It is not strange that the federal government is corrupt but why it is not much more corrupt based of the value of favours it can bestow. It is strange that 100% of companies do not have as their business model to employ lobbyists and gain revenue from the government. Privatisation has nothing to do with the free market. You don't have to fear for profit schools or hospitals on the free market because there is no historical evidence that..." - Adrian