As I watch the very expensive & expansive bailout effort & it's success or lack thereof, I'm wondering about the arrogance of the bureaucrats believing that they can productively salvage or accomplish anything. As Booty said, think Mustang Ranch!!!!
But that's not what started this thought process. As governments are looking for new sources of wealth to continue living on the high side of the hog, they are intruding into areas that the private sector can better handle. I find that trend disturbing. & I'll provide a couple of examples for your thought in another paragraph.
What really started this was a comment made by Mark Steyn in the National Review discussing Nanny Statism - "Under the Swedish model, state spending accounts for 54% of GDP. In the US, it's about 40%. Ten years ago, it was 34%. So we're trending Swedish." A little scary, IMO anything that disappears through taxes is non-value added.
Some examples, in our little city of 5K & 1.5 K families the city owns beyond the usual the NG company, the Water company, the Cemetery & the Storm Water drainage facility. They also own the Sewer system. Does anyone believe the city should be involved in these pursuits?
Another WA city purchased 10 acres of existing wetlands - their goal being to sell Wetland Mitigation to those developers in need. This leads to a couple of questions - 1) if it's already wetlands how can you mitigate it? & 2) is there a conflict of interest? They have wetlands to sell, How can someone private sell the same thing with them in the chain & do they see a property being developed that is marginal being placed in a higher classification so they can sell more of their stuff.
& I won't even put stadiums & event centers on the table.
But I see this sort of action happening all over the state & believe it to be anti competitive. But then again, I see a lot of functions controlled by the bureaucrats that would be better left the private sector.