Can Government Create Economic Value?

Raining CoinsWe live in “interesting times”.  I’ve heard a lot of complaints from friends, acquaintances and the media lately about how moribund our government has become.  It’s true not just in the US, but around most of the world.  Just when we need leaders to drive forward a variety of human, economic and environmental innovations, our elected officials appear to be uninterested in governing.  So who’s in charge when it comes to creating the kind of value that adds to the economy?

Citizens should be able to count on government to step in for intractable problems. We understand that these issues need a big voice and strong leadership to succeed. But structurally, I don’t think that government – at the present time – has the capability, capacity, or confidence to lead on the truly important issues of our day. Continue reading