HansNZ
New member
Frackal said:I also feel that free enterprise will do it better, faster and cheaper than government, but also believe in some govt. regulation of industry, particularly when it comes to enviromnemnt... etc etc
It is interesting that this opinion still continues to reside in the recesses of the American psyche. This attitude was popular outside the USA in the 1970s and 1980s, but has subsided somewhat (except in the US obviously).
The endless line of privatised industries that have been an absolute disaster are a testiment to this. Just two prominent examples: here our largest city was without electricity for several weeks because of the greedy profiteering of a privatised utility. Our government had to bail out our national airline after a series of disasterous choices made by its owners. It cost our taxpayer 1% of GDP, that would be the US equivalent of $100 Billion to fix the problem.
Sometimes the government runs things better.