Socialism

Ezra Klein of the New York Times despairs of government’s impotence in building vast projects from energy grids to high-speed railways. He believes granting government absolute power is the answer.

Government-run medical systems are always touted by political elites, who usually take advantage of private care themselves. It is time for everyone else to have access to the same system.

The countries have changed, but the story remains the same. Wealthier countries try to “invest” by lending money to African regimes, where the money disappears. This time, China is the big lender.

Governments are fond of accusing private firms of “greed” when prices increase during periods of inflation. However, they fail to tell the public that government services also face price increases.