Tuesday, February 10, 2009

Private Sector Best Practice v. Government Best Practice

Thomas Sowell very succinctly sums up why many people prefer the private sector and cringe at the thought of government incringing upon their private lives.

Human beings are going to make mistakes, whether in the market or in the government. The difference is that survival in the market requires recognizing mistakes and changing course before you go bankrupt. But survival in politics requires denying mistakes and sticking with the policies you advocated while blaming others for the bad results.

Wise words to keep in the back of your head as you watch Washington try to control the economy.

No comments: