superrific
Inconceivable Member
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- 3,059
1. The government's answer is *rarely* to throw more money at a problem. Typically, government salaries are lower than private sphere. Government agencies have to deal with budget crunches. Don't even get me started on funding for public schools.I see incredible waste. The government answer is always to throw more money at a problem. Do you think government is efficient in spending tax dollars?
2. The private sector's answer is more commonly to throw more money at a problem. Tesla burned through tens of billions of dollars of equity capital before turning a profit. Uber, even more. VCs hand out money like candy -- well, not quite that readily, but it's about the same difficulty to get $5M from a VC as a $250K grant for the government.
3. You don't see incredible waste. You imagine incredible waste.
4. Yes, I think the government is about as efficient in spending money as other big organizations, when you compare apples to apples. After all, the goals are different. The job of a government agency is often to hand out money. It is therefore not going to be "efficient" according to any metric you would use to estimate efficacy in the private sphere. Government agencies also sometimes have to collect taxes or fees. That's a harder job than collecting money from someone to whom you've sold a good or service.