While the invisible hand looks after the private sector, the invisible foot kicks the public sector to pieces.
We (British) have reached the state where the private sector is that part of the economy the government controls and the public sector is that part that nobody controls.
The 'private sector' of the economy is, in fact, the voluntary sector; and the 'public sector' is, in fact, the coercive sector.
Americans cannot maintain their essential faith in government if there are two Americas, in which the private sector's work subsidizes the disproportionate benefits of this new public sector elite.
The public sector certainly includes the Department of Labor. Those are jobs that are available. They are open and they are good paying jobs. The government as a whole has been actually retrenching under President Clinton's leadership.
I'm angry that the private sector, which is supposed to be in charge of running gasoline into the Valley, doesn't have its act together to deal with a critical situation, so now the public sector has to step in.
There are certainly delays in this year's agreed program, and we must quickly catch up. Let's not kid ourselves, there is still big waste in the public sector, and it must stop.
You know, at some point there has to be parity. There has to be parity between what is happening in the real world, and what is happening in the public sector world.
When the private does well, there's revenue for the public sector.
Rethinking capitalism means rethinking the role of the public sector, the role of the private sector, the role of finance, and the relationship between them all.
In any government bureaucracy, they are not working for you but for the mythical blob called the 'public sector,' which is really nothing but a stash of stolen cash divided among the robber class.
Once we admit that the public sector takes an immense amount of risk along the entire innovation chain, it becomes crucial to find ways to share both risks and rewards.
Any allegation of runaway capitalism has to be tempered by the observation that today we have the largest public sectors and the highest taxes the world has ever known.
I think we should, as the public sector or politicians, stop creating an illusion that it is the public sector that drives growth and jobs. It is not. It is the private sector that does it. There is no growth without entrepreneurship.
Much of America is now in need of an equivalent of Mrs. Thatcher's privatization program in 1980s Britain, or post-Soviet Eastern Europe's economic liberalization in the early Nineties. It's hard to close down government bodies, but it should be possible to sell them off. And a side benefit to outsourcing the Bureau of Government Agencies and the Agency of Government Bureaus is that you'd also be privatizing public-sector unions, which are the biggest and most direct assault on freedom, civic integrity, and fiscal solvency.
The private sector is first of all much larger than the public sector. The waste we see in that sector does not result from the fact that people spend their money carelessly. Mostly, it occurs because what one family must spend to achieve its goals often depends heavily on what other families spend.
American critics of welfare statism are often surprised to learn that countries like West Germany, with a much more comprehensive welfare state and a statistically larger public sector, have fewer government employees per capita than the United States does.
If we don't create private sector jobs and just - just creating public sector jobs, we're going nowhere. This is a bad game. You've got to have innovation. You've got to have tax policies that support innovation.
The public sector can only feed off the private sector; it necessarily lives parasitically upon the private economy. But this means that the productive resources of society - far from satisfying the wants of consumers - are now directed, by compulsion, away from these wants and needs. The consumers are deliberately thwarted, and the resources of the economy diverted from them to those activities desire by the parasitic bureaucracy and politicians.
In a capitalist system, there's a principle that if you invest, especially in a long-term risky investment, if something comes out of it, you're supposed to get the profit. It doesn't happen in our system. The taxpayer paid for it and gets nothing - assumes all of the risk, gets zero. The money goes into the pockets of Bill Gates and Steve Jobs, who are ripping off decades of work in the public sector.
The socialism of centralised state control of industry and production, is dead. It misunderstood the nature and development of a modern market economy. It failed to recognise that the state and public sector can become a vested interest capable of oppression as much as the vested interests of wealth and capital. it was based on a false view of class that became too rigid to explain or illuminate the nature of class division today.
If Obama's vision of the public sector is socialism, then so too were the visions of Theodore Roosevelt, Franklin Roosevelt, Harry Truman, Dwight Eisenhower, John Kennedy, Lyndon Johnson, and Richard Nixon.
If the private sectors are about markets and the public sectors are about governments, then the plural sector is about communities.
The unions claim the deck is stacked against them when it comes to labor laws, but the truth is many private and public sector workers are forced to pay union dues as a condition of their employment, yet they have little say in how the unions spend their money.
You know, I definitely have an inclination to work in the public sector.
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