Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
was the classical distinction between the private sector and government a myth to begin with?
I suggest reading Galbraith's The New Industrial State or Minsky's Stabilizing an Unstable Economy for discussions of how the market mechanism is incompatible with capital-intensive activities. (We're talking about physical capital with long lifetimes)

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Carrie (migeru at eurotrib dot com) on Mon Nov 23rd, 2009 at 07:10:10 AM EST
[ Parent ]
I bought Galbraith's The New Industrial State last week because it kept coming up in your comments here. I'll let you know what I think.

Rien n'est gratuit en ce bas monde. Tout s'expie, le bien comme le mal, se paie tot ou tard. Le bien c'est beaucoup plus cher, forcement. Celine
by UnEstranAvecVueSurMer (holopherne ahem gmail) on Mon Nov 23rd, 2009 at 07:11:56 AM EST
[ Parent ]


Occasional Series