At the heart of most political disagreement is the size of government. And now that the election season appears to finally be over, lets take stock. The left wants a big government that has more control over how things are done while the right wants the opposite so that a free market can create balance. The following is not to say one approach is better than the other but to bring awareness to government’s role.
“The Defense Department, after all, built the internet. Government research and development also led to transistors, silicon chips, radar, jet airplanes, satellites, artificial limbs, cortisone, flat screens and much more, as the M.I.T. economists Jonathan Gruber and Simon Johnson point out in their recent book, “Jump-Starting America.”‘
“Almost everything about your computer today — and the way you use it — stems from government funding at the early stages,” Gruber and Johnson write
As Michael Lewis points out in his book the “The Fifth Risk”, many people who get small business loans from their bank don’t realize they are government loans.
With all this being said, without private enterprise we would probably be flying to our vacations sitting in uncomfortable bucket seats in freezing transport type planes. Our iPhones would look and feel more like bricks and when we get sick we wouldn’t have much choice on which doctor treats us.
And protecting all this, and keeping the US dollar strong enough to be the “World’s Currency Reserve“, is the US military.
There is a delicate balance between public and private that is needed for us to enjoy the lives we want. For lifestyles that are easily taken for granted.