 GOVERNMENT BUREAUCRATS AS PARASITES OF BUSINESS, BUSINESSMEN AS PARASITES OF THE GOVERNMENTChapter 55 in Capitalism in the 21st Century:Why Global Capitalism Is Broken and How It Can Be Fixed, 2019, pp 251-255 from World Scientific Publishing Co. Pte. Ltd. Abstract: In short, even in developing countries with the best governments, such as South Korea and Singapore, run by honest and capable government bureaucrats dedicated to improving the lives of their citizens, such as from the aforementioned countries, it is ultimately the private sector that creates jobs and wealth, and drives the economy forward. It is a pipe dream for developing countries to believe that good government alone can transform them into the next South Korea or Singapore, in the absence of a productive private sector. Where there is no private sector to speak of or only an embryonic private sector, it is the government’s job to grow and nurture a dynamic and efficient private sector, for example, by investing in physical infrastructure such as roads and electricity and social infrastructure such as schools and hospitals that benefits all firms and industries. But the government, even the best government, can only be a Steve Kerr, never a Michael Jordan, if the economy is to grow and prosper… Keywords: Capitalism; Globalization; Inequality; Entrepreneur; Financial Industry; Government; Socialism; Market (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:wsi:wschap:9789813274242_0055 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd. |
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