what I said is that the advocates of government spending only shift the burden of decision making and don't really propose anything at all.
Of course, advocates of privatization are doing the same thing: shifting the decision-making and not really proposing anything at all. Both markets and governments are voting mechanisms.
Difference is, in a market, the dollars vote, and in a government, the people vote.
Then we have to start talking about the signal/noise ratios of both mechanisms...
Of course, there is neither the perfect market nor the perfect government.
It seems to me that the potential for abuse is greater in the government, though. There is one vote every x years, and good tracking mechanisms of what is really being done don't exist yet.
Signal/noise - the difference is that in the market, participants can not simply spend other people's money. They have to come up with real money somehow, which might be a pretty strong signal.
Of course, advocates of privatization are doing the same thing: shifting the decision-making and not really proposing anything at all. Both markets and governments are voting mechanisms.
Difference is, in a market, the dollars vote, and in a government, the people vote.
Then we have to start talking about the signal/noise ratios of both mechanisms...