🚀 go-pugleaf

mayo@pa.dec.com (Bob Mayo) writes:

>Here's what I was trying to say in my statement.
>Our retirement depends upon having a good economy when we
>retire.  We should invest in a manner that will give us a surplus of food,
>a surplus of housing, cheap health care, factories that crank out
>products at little cost, etc, etc..  This is the invest in private
>industry scenario.  The alternative is to have a large government,
>large social programs, etc..  This won't get us very far if the economy
>isn't booming.  A few government programs do invest in the future:
>meals for kids, education, infastructure spending.  I'm not against putting
>retirement dollars into those.


Something that caught my eye in your response was the sentence "This is the
invest in private industry scenario."  I'm not saying it's good or bad,
although personally, I lean towards investing in private industry, but a
red flag went up in my brain and made me think of the following question:
Would those industries/companies gaining investiture from the government
have an unfair advantage because of the government wanting to make sure
they don't fail?  I mean, might there be incentive for the government to
lean their way to make them profitable?  It may sound like an extremely
dumb question, but I just thought this type of private industry investment
*could* lead to all sorts of problems if it weren't done with some sort of
checks and balances.

allen