Re: Definition of "rich"?

On Fri, 21 Apr 2006 15:14:14 +0200, peter@xxxxxxxxxxxxxxxx
(=?ISO-8859-1?Q?Peter_Bj=F8rn_Perls=F8?=) wrote:

<royls@xxxxxxxxx> wrote:

On Thu, 20 Apr 2006 17:08:57 +0200, peter@xxxxxxxxxxxxxxxx
(=?ISO-8859-1?Q?Peter_Bj=F8rn_Perls=F8?=) wrote:

JWith anything government comes waste, favoritism,
populism and nepotism.

And that would be different from non-governmental institutions how,
exactly?

Effeciency, which the markets brings, by punishing those wasteful.

The market is a very slow and uncertain punisher of waste, and all the
evils you attribute to government above also thrive in the private
sector. Some things markets can do better than governments. But
other things, governments do better than markets.

However, soi-disant libertarians typically refuse to know all facts
about market failures, externalities, public goods, free riders, etc.

-- Roy L
.

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  • Re: Definition of "rich"?
    ... Effeciency, which the markets brings, by punishing those wasteful. ... Hardly slower than at democratic government. ... soi-disant libertarians typically refuse to know all facts ... about market failures, externalities, public goods, free riders, etc. ...
    (sci.econ)