Bureaucracies Operate Under a Different Incentive than Private Enterprise...
In private enterprise companies and even not-for-profits (with more than one donor) operate under the profit and loss motive - prices send signals to entrpreneurs, telling them what society most urgently demands be produced with the means of produciton....
Bureaucracies on the other hand, operate under the Budget Increase Motive - the sole goal is to spend their entire budget to insure they get a larger appropriation from congress the next year. Further, it prevents them from ever solving the problems... We discuss why...
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