Once you accept that, in terms of government spending, literally Smaller Government is never going to happen, you realise the object of the exercise should be not smaller government, but better government: government that achieves its objectives efficiently and effectively.
Government that gives value for money. A big part of the problem is that, within the bureaucracy, the Smaller Government push has been led by the accountants in the Finance Department, with little thought applied by the economists in Treasury.
Lacking an appreciation of the broader economic issues involved in government budgeting, Finance has taken a Good Housekeeping approach: a tidy budget is a balanced budget. This, however, is just the opposite to what you should be doing to make government better — more cost-effective. Our Breaking News Alert will notify you of significant breaking news when it happens.
Get it here. Manage cookies. Accept Cookies. Manage consent. Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website.
These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience. Necessary Necessary. Necessary cookies are absolutely essential for the website to function properly.
These cookies ensure basic functionalities and security features of the website, anonymously. The cookie is used to store the user consent for the cookies in the category "Analytics". The cookies is used to store the user consent for the cookies in the category "Necessary".
The cookie is used to store the user consent for the cookies in the category "Other. No matter their ideology, virtually all economists agree investment is a major contributor to growth. Governments invest less than the private sector. In , for OECD advanced economies, governments invested 8.
As the government share of these economies has increased, private investment has fallen. Government infrastructure investment that could aid growth has itself been flat, squeezed in many countries by non-investment government spending.
The difference between the U. The alternative of European-style social democratic stagnation is detrimental for the future of our children and our children's children.
Douglas Carr is the president of Carr Capital Co. View the discussion thread. Skip to main content. A must-read political newsletter that breaks news and catches you up on what is happening. Most Popular - Easy to read, daily digest of the news from The Hill and around the world. The Hill's must read political newsletter that breaks news and catches you up on what happened in the morning and what to look for after lunch.
0コメント