GOVERNMENT PLANS AND MARKET OUTCOMES:
WHAT DO WE KNOW FOR SURE ?
We know for sure that they're different.
Markets don't plan-- they happen. Some say at this moment
the market has failed the American middle class as
miserably as if it had joined al-Qaeda to work for the
Taliban.
Yet it is said to be the middle class
majority view that "we don't want government to
pick winners and losers-- only the market knows how
to do that".
It is also said, "government
intervention in free market operations is bound to make
market failures worse." Government plans are viewed,
in all matters but WW II, exploring the moon and ARPA's
contribution to the Internet, as poison or hara-kiri.
But, what we know for sure is that both
government plans and market
outcomes can be perfect or lousy.
We also know that you can't ask the
market to be first to visit the moon. And, by analogy, we
can't ask the market to be first to take America on a
voyage to wartime full employment to accomplish peacetime
goals.
That should be the end of it.
Stop the nonsense. Government is what
we've got-- and it's government we must use-- if we
want: the cleanest energy on earth-- fully
independent of foreign markets; the best schools at
every level (from the cradle to the grave); the
healthiest families possible who can't pay their
bills; infrastructure and transportation systems
second to none; and jobs and fair incomes for every
American who doesn' t belong in jail, under the care
of a doctor, or on his way to Australia or space
enough to be alone.
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