Wednesday, January 27, 2010

Role of the State

In this week's edition of The Economist the cover story is about the growth of government, especially in the developed world. The editorial and accompanying article show that even in the United States under George Bush, government has grown. This growth in the US began before the recent market meltdown and the intervention by the state to prop up the US banking industry and automotive industry. The Economist editorial and article make the point that the upcoming baby boomer retirements will create even more pressure on governments as this generation start to access health care and other services.

The editorial makes a good point that "smaller" government does not necessarily mean "better" government - what is needed is a "right" sized government to deliver the services that citizens demand.

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