If governments were incorruptible and all knowing then their entry into markets, picking winners and losers, could be justified.
The problem is, so much government intervention is driven by powerful vested interests to advance their agendas, rather than the wellbeing of the population.
As a result I believe the role of government is to ensure free and open markets in most cases, rather than determining market outcomes by favouring one product over another.
No comments:
Post a Comment