2025-12-07
This is a well-known story (in earlier times anyway) that bears repeating, especially in today's over-governed times.
Centrally planned economies have come and gone over the years, but the under-planned economies have thrived because nobody told everybody what they couldn't do. So they went ahead and did it. People tend not to do things that are not in their interests, and they also tend to learn sharpish from their mistakes. Unless they work for the government of course, because then the costs of their mistakes simply get loaded onto the taxpayer, whilst their "gold-plated" pensions sail serenely on ... so what's not to like?
So we should all work for the government then?
(NB This is financial advice for neither investors nor job-seekers. It may well be financial advice for governments ... unless you are Sir John Cowperthwaite)
