Needed: A Constructive Vision

Many years ago, an author (Bator 1962) had the following as an opener to his book: “Would you tell me please which way I ought to go from here?” (asked Alice), “That depends a good deal on where you want to go to” (said the cat). This is as relevant today as it was at that time regarding the role of the government. One thing, however, I particularly emphasize is that there is no successful organization that does not have a good administration. The national economy is no exception to that statement. The national economy can easily be considered an organization and always needs a very good administration. As was discussed in many parts of this book, we do not need a government that is being directed by dysfunctional and unsubstantiated dogmas or a government mostly inactive because of its ignorant background, but a very knowledgeable and proactive government driving the national market vehicle in the right direction. In the above mentioned book, Bator maintains that there is a domino effect in the national economy. If the economy is stagnating and the government starts spending, business follows immediately. These two forces accelerate consumer spending and the economy starts going in the direction that the cat should have indicated to Alice. The two conditions: first, reversing the 4 events—deregulation, income taxes, privatization, and merger mania and second, developing a proactive budget are in effect. The first condition, of course, is developing the infrastructure.