Government Failure

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Government Failure

A situation in which government intervention leads to the inefficient allocation of resources. This is not the same as a government intervention leading to an unpopular result. A government failure may prove popular, for example, if it subsidizes local jobs at the expense of more efficient companies elsewhere. Examples of government failure include crowding out and pork-barrel spending.
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Moreover, it is important to recognize that some government failures may be inherent in the nature of democracy.
US President George Bush yesterday took 'full responsibility' for government failures in dealing with Hurricane Katrina and said the disaster raised broader questions about the government's ability to respond to natural disasters as well as terror attacks.
To omit mention of local and state government failures in this situation and to presume that President Bush has no feeling for the poor is based on pure vitriolic hatred of Bush.
One thing is sure: demagogues will not tire of spending other folks' money and overlooking the consequences of past government failures.
And, of course, there have been plenty of spectacular government failures to feed the attitude.
A potentially monstrous wave of litigation is expected to be instigated by people who suffer from business and government failures related to the year 2000 changeover.
Lined up against his many chapters on many spectacular government failures, his "successes" are relatively weak.
Healthcare and innovation are treated as cases of policy conflicts rather than as government failures in market-oriented reform.
Summary: India's economic growth fell to its slowest pace in a decade for the latest fiscal year, faltering amid government failures to act on planned reforms to encourage investment and improve industry performance.
He said it is good that the Supreme Court is taking notice of government failures in other spheres but the matter of Shia killings requires its special consideration.
MAY I ask your readers if, like me, they find the steady stream of disclosures highlighting previous government failures a constant source of amazement?
I HAVE no argument with Tony Mulhearn, for whom I have much respect nor, indeed John Seymour when they blame past Government failures for much of the present economic crisis (ECHO Aug 15).

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