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Public vs. private entities Mon, Feb 23, 2015
I liked this part of a recent Freakonomics episode interviewing the head of the World Bank: 
Well, I think market forces are critical here. And sometimes people say, "Well, you know, the private sector does everything better." And I don't know that that's really the case so much as the private-sector entities that did it poorly no longer exist, right? Because they go out of business. And public-sector entities can stay in business for a very long time no matter how poor their performance is.
Good take on both points.  Bad businesses can and do fail.  Bad government isn't allowed to fail.  Maybe it should be. #business


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