Partnerships

There’s a lot of talk about partnerships in the new administration. Public/private partnerships for green energy, state/Federal partnerships for social services, etc. There’s only one problem with that:

As bankers now realize, when you turn to the government for financial assistance you take on an untrustworthy partner.

via Gerald O’Driscoll Says Congress Would Politicize the Bank-Nationalization Process – WSJ.com.

Why is government an untrustworthy partner? It’s not because there’s anything wrong with the people in government. Governments (at least democracies) are political and respond to whatever political wind is blowing at the time. The wind, to use Bob Dylan’s phrase, is often an idiot wind – and you should never take an idiot as a partner.

We get the government we deserve.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: