Friday, March 6, 2009

Bedtime for Bonzo: The Gipper failed

For those out here who still think deregulation and tax cuts can help us out of the current economic crisis: Rachel Maddow gives us a history lesson about the failures of over privatization and too little regulation:

Remember this simple Tidbit: the goal of private enterprise is solely to maximize profit. The goal of public services is the common good. Public services don't always serve the common good, but private enterprise seldom does so, and when it does so serve it is accidentally.

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