I want to rerun an old post, then add something to it:
Markets Are Not Magic: To listen to some commentators is to believe that
markets are the solution to all of our problems. Health care not working? Bring
in the private sector. Need to rebuild a war-torn country? Send in the private
contractors. Emergency relief after earthquakes, hurricanes, and tornadoes?
Wal-Mart with a contract is the answer.
Whatever the problem, the private sector - markets and their magic - beats
government ev....
Economist's Viewon Oct 12, 08
