Government Bureaucrats As Parasites Of Business, Businessmen As Parasites Of The Government

In short, even in developing countries with the best governments, such as South Korea and Singapore, run by honest and capable government bureaucrats dedicated to improving the lives of their citizens, such as from the aforementioned countries, it is ultimately the private sector that creates jobs and wealth, and drives the economy forward. It is a pipe dream for developing countries to believe that good government alone can transform them into the next South Korea or Singapore, in the absence of a productive private sector. Where there is no private sector to speak of or only an embryonic private sector, it is the government’s job to grow and nurture a dynamic and efficient private sector, for example, by investing in physical infrastructure such as roads and electricity and social infrastructure such as schools and hospitals that benefits all firms and industries. But the government, even the best government, can only be a Steve Kerr, never a Michael Jordan, if the economy is to grow and prosper…