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Showing posts from January 16, 2011

the Public Sector

The first problem with the public sector is that there is not enough money to pay for all of them. The get retirements which are unlike anything seen in the private sector. Since there is no competition for most of the private sector, there is no economic incentive for efficiency (until the state goes broke, which is happening now). The problem is not of who to blame. The problem is budgeting. Man's desires are infinite. Our resources are finite. We cannot buy more than we have resources to buy. Reality is the problem with the public sector.