“Once the ‘wicked private interests’ have been eliminated, the right course of action will emerge, and decisions will be rational and automatic. Private business and profits are bad – ergo, government ownership must be good.”
“Government is a poor manager. It is, of necessity, concerned with procedure, for it is also, of necessity, large and cumbersome. It must administer public funds and must account for every penny. It has no choice but to become ‘bureaucratic.”Every government is, by definition, a ‘government of forms.’ This means high costs. For ‘control’ of the last 10 percent of phenomena always costs more than control of the first 90 percent.”
Only history will tell if government is up to the job. History is not optimistic.