#1 - Andrew Atkin said:
2009-11-27 17:04 - (Reply)

I agree with you - and yep, Labour did a wonderful job of creating a not-so-wonderful mess. People were in love with her because we still basically measure GDP on consumption, rather than production, which in turn hides that nasty little gremlin - debt-financing! I hope you will consider the role of the private sector replacing parts of the public sector, to further reduce costs and improve efficiency. I can understand that there is no fundamental reason why the public sector cannot employ "best practice", but its ability to actually *innovate* is much less than that of the private sector. I want to point out that the government doesn't create jobs. It only transfers them from the private sector, as a result of transferring resources from the private sector. A debt-based input will lead to jobs regardless where we specifically put it. It's just that it's not sustainable, of course.