Wednesday, September 29, 2010

The Perils of Government Selecting Private Sector "Winners"

Here's a post from my companion political blog concerning Michigan's investment in private sector battery makers. It illustrates the perverse results which can flow from allowing government, under the auspices of fostering business growth, to choose winners, and, by exclusion, losers in the private sector.

Regardless of which party does it, having government do anything other than let contracts for services will lead to unintended, entangling, consequences for reasons other than economic, between itself and the private sector.

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