Wednesday, February 25, 2009

Role of government

Oh, and the right-wing commentariat is still insisting that government spending is wasteful and ineffective — that is, that government never creates anything of value.

Fact: private enterprise skims the easy profits. Big investments in infrastructure, as well as in R&D, usually require government participation because profit is too far in the future for private businesses and investors to want to do what's needed.

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