Capitalism, Jobs, Government

There is much wisdom in this post.

…capitalism’s primary function is not to generate an endless stream of jobs, even if this is one of the beneficial byproducts.

One only wishes we could apply the same lesson to government. Government’s primary job is to defend life, liberty, and property rights. If it restricts itself to these functions, there may be a stream of new jobs. But as with private equity, it is one of the beneficial side effects, not its primary function.



2 responses to this post.

  1. Posted by Alistair Leadbetter on May 28, 2012 at 2:53 am

    It is always interesting to see how much of the local culture is reflected in economic and political attitudes. They seem to form a triumvirate which influence one another and I don’t think they can ever be truly separated from one another. They are inextricably linked.

    The quoted post, particularly with reference to the role of government, would perhaps find few people who would agree outside of the US. And the point regarding capitalism would often be seen as one of its main problems.


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