Posted 1 year ago on April 22, 2012, 7:20 a.m. EST by flip
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The Financial Times columnist Ed Luce, the author of the new book “Time to Start Thinking: America in the Age of Descent,” notes that if you believe the fantasy that America’s economic success derives from having had a government that stayed out of the way, then gridlock and vetocracy are just fine with you. But if you have a proper understanding of American history — so you know that government played a vital role in generating growth by maintaining the rule of law, promulgating regulations that incentivize risk-taking and prevent recklessness, educating the work force, building infrastructure and funding scientific research — then a vetocracy becomes a very dangerous thing.
It undermines the secret of our success: a balanced public-private partnership.