Duży i mały budżet państwowy

Smakowity artykuł o starciu koncepcji dużego i małego budżetu państwowego.

Dla porządku, link [na końcu tekstu] prowadzi do przedruku, a oryginał jest tutaj:

Government Investment and “Opportunity for All”

Nie wiem, czy bardziej mnie łechce:

The very first clash between the two views is indicative of the whole story. DeWitt Clinton, a follower of Hamilton and the Mayor of New York City, wanted the Federal government to finance the building of an Erie Canal. The 400-mile canal would provide an alternative to the long, difficult overland route for Midwestern grain to reach the populated East Coast and Atlantic trade. Jefferson called the big government, massive debt canal proposal “a little short of madness.” When Clinton became Governor of New York, he circumvented the Federal government by getting New York State to launch a massive bond issue to fund the project. The year after the canal opened, in 1825, the price of Midwestern grain at New York harbor fell by 90%. The Port of New York boomed. New York City became the biggest city in the U.S., and for a time the biggest city in the world. The money flowing in also made it a financial and industrial center, helping to fund the industrial revolution in the U.S. So Jefferson wasn’t just a little wrong. He got it completely wrong, because the Erie Canal was the key to economic growth and the creation of the U.S. as a world economic power.

czy też:

Mazzucato’s book continues the story into the post-WWII period, where growth has been led by high-tech innovation. In one striking case study, she documents that all the technologies which made the iPhone “smart” were developed through sustained, massive government investments. These include LCD flat screens, multi-touch screens, lithium-ion batteries, GPS, communication satellites, the internet itself, cellular technology, SIRI voice recognition and more. It took a great private company with visionary leadership, Apple, to put them all together into a great consumer product. However, the vitally important but overlooked fact is that Apple was “surfing,” as Mazzucato puts it, on a wave of government-funded­­ and government-led research and development.

czy też raczej:

In fact, all countries have had failures and setbacks in leadership through investment. What distinguishes the long-term successes from the continuing failures is, as the book Concrete Economics emphasizes, active, pragmatic government leadership. When programs fail, effective governments terminate them and try something else.


Why Countries Never Thrive Without Activist Government Investment

republikacja z facebook.com/jzwesolowski/posts/672612382920101


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