Quote:
Originally Posted by Chrysalis
I understand what you saying but the big problem is without the state the private sector would be an even worse state (it gets overpaid contracts from the state)
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Not really. The money for those contracts comes from somewhere. Either as debt which results in interest being paid with taxation from the private sector or directly with taxation from the private sector.
The public sector does not and cannot create wealth as each and every thing they do requires the private sector to fund it. They do nothing more than shuffle money around they do not create it. Quite the opposite the public sector has a negative effect on wealth due to the dampening effects of taxation, bureaucracy, and poorly run public monopolies.