Over my mostly private-sector career, I’ve heard the suggestion that government is incompetent and the private sector is efficient and effective.
Many times I’ve seen the opposite, with the private sector often shockingly incompetent but largely un-scrutinized like the public sector is.
Until now.
Many times I’ve seen the opposite, with the private sector often shockingly incompetent but largely un-scrutinized like the public sector is.
Until now.
Comments
What’s happening now in the United States is because of DOGE, which is the private sector but with scrutiny.
Ironically, in an attempt to eliminate their vision of incompetence.
Hello, Dunning-Kruger effect.
When private markets work well they are the gold standard. But they often don't work well, which is where government has a role in fixing the market failure.
Moreover, this is well understood by experts.