Posts Tagged Conscience of a Liberal
Britain isn’t a business (but thankfully businesses aren’t like Britain)
Posted by Stephen Clarke in Economics, Tax and Spend on 13/01/2012
Yesterday on The New York Times online and today in the print edition, economist Paul Krugman discussed why ‘America Isn’t a Corporation’. Krugman makes a number of interesting points that all politicians would do well to remember, however, he perhaps fails to explain one of the most important reasons that a state is not a corporation: that it is not exposed to competitive pressures.
