Thomas DiLorenzo wrote in “The Problem with Socialism” that government agencies have no incentive to solve problems, find savings in their departments and be competitive. It is actually the opposite: in order to receive bigger budgets year after year, they need to fail. Ultimately, the worse the agency performs today the more it gets tomorrow.
Learn Liberty is out with a new video that explains why government agencies grow year after year, despite not providing any value to society whatsoever. Indeed, the “worst” always rises to the top, as legendary free market economist F.A. Hayek wrote.
Here is the video embedded below:
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