A Quote by George Carlin
Nothing rectifies out-of-control market failures like a healthy dose of
government intervention and mountains of bureaucracy.
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Many politicians and pundits claim that the credit crunch and high mortgage foreclosure rate is an example of market failure and want government to step in to bail out creditors and borrowers at the expense of taxpayers who prudently managed their affairs. These financial problems are not market failures but government failure. ... The credit crunch and foreclosure problems are failures of government policy.
There is still a tendency to regard any existing government intervention as desirable, to attribute all evils to the market, and to evaluate new proposals for government control in their ideal form, as they might work if run by able, disinterested men free from the pressure of special interest groups.
Let's face a historical truth: we have never had a "free market", we have always had government intervention in the economy, and indeed that intervention has been welcomed by the captains of finance and industry. They had no quarrel with "big government" when it served their needs.
Antitrust is the way that the government promotes markets when there are market failures. It has nothing to do with the idea of free information.
In any bureaucracy, the people devoted to the benefit of the bureaucracy itself always get in control, and those dedicated to the goals the bureaucracy is supposed to accomplish have less and less influence, and sometimes are eliminated entirely.[Pournelle's law of Bureaucracy]
If, for example, existing government intervention is minor, we shall attach a smaller weight to the negative effect of additional government intervention. This is an important reason why many earlier liberals, like Henry Simons, writing at a time when government was small by today's standards, were willing to have government undertake activities that today's liberals would not accept now that government has become so overgrown.
Government proposes, bureaucracy disposes. And the bureaucracy must dispose of government proposals by dumping them on us.
The advance planning and sense stimuli employed to capture a $10 million cigarette or soap market are nothing compared to the brainwashing and propaganda blitzes used to ensure control of the largest cash market in the world: the Executive Branch of the United States Government.
Business schools are failing to teach the students about the risks of market failures. We need to include some material on market failures in the core of curriculum.
Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
We know that government intervention in the free market, and Argentine history has shown this, absolutely ends in a boomerang.
I started out by viewing the marketplace as a cruel place, where you need intervention by government and lawyers to protect people. But after watching the regulators work, I have come to believe that markets are magical and the best protectors of the consumer. It is my job to explain the beauties of the free market.
Every great improvement has come after repeated failures. Virtually nothing comes out right the first time. Failures, repeated failures, are finger posts on the road to achievement. One fails forward toward success.
The answer for healthcare is market incentives, not healthcare by a Godzilla-sized government bureaucracy.
People do not choose a government that will bring the market within their control; instead, the market in every way conditions governments to bring the people within its control.
Well, who is more likely to volunteer to take a job in a bureaucracy that has little to recommend it except that it gives you the power to use government force to control the lives of others? A dispassionate scientist or a zealot? In government, the zealots eventually take over.
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