Comment by imtringued
7 years ago
The government isn't supposed to run a profit. Therefore it becomes very difficult to know which part of it is wasteful and which isn't. Companies simply fail if they don't make a profit or have an outside funding source.
Not nearly quickly enough to be a curb on wasteful behaviour at large companies, and these are the ones that affect public policy.
Much faster than waste at a government is curbed, which is essentially not until the country’s currency collapses.