Drawing on examples from the nations past and presentthe fur trade to railroads, cars and chemicals, aviation to SolyndraUncle Sam Cant Count a sweeping work of conservative economic history that explains why the federal government cannot and should not pick winners and losers in the private sector, including the Obama administration.From the days of George Washington through World War II to today, government subsidies have failed dismally argue Burt and Anita Folsom Draining the Treasury of cash, they impede economic growth, and hurt the very companies receiving aid.Why does federal aid seem to have a reverse Midas touch As the Folsoms reveal, federal officials dont have the same abilities or incentives as entrepreneurs In addition, federal control always equals political control of some kind What is best for politicians is not often what works in the marketplace Politicians want to win votes, and they can do so by giving targeted CEOs benefits while dispersing costs to others.Filled with examples of government failures and free market triumphs, from John Jacob Astor to the Wright Brothers, World War II amphibious landing craft to Detroit, Uncle Sam Cant Count is a hard hitting critique of government investment that demonstrates why business should be left exclusively to private entrepreneurs....
|Title||:||Uncle Sam Can't Count: A History of Failed Government Investments, from Beaver Pelts to Green Energy|
|Publisher||:||Broadside Books 1st edition April 15, 2014|
|Number of Pages||:||256 pages|
|File Size||:||663 KB|
|Status||:||Available For Download|
|Last checked||:||21 Minutes ago!|
Uncle Sam Can't Count: A History of Failed Government Investments, from Beaver Pelts to Green Energy Reviews
Fur trading, canals, railroads, airplanes, ocean liners... all these disparate endeavors share one thing in common: The US (and in many cases, British) government funded or subsidized their development. That’s good, right? Well... not really. In just about every one of those cases independent entrepeneurs took on the subsidized builders and developers, and delivered a better, cheaper, product. John Jacob Astor built up a fur trading operation that delivered better products at lower cost than did his government subsidized competitor, and had better relations with his Native American trDing partners, too. Cornelius Vanderbuilt took on the subsidized British shipping and passenger line, with better, safer,and cheaper ships and rates. The Wright Brothers developed the first controlled, practical, heavier than air craft while spending about five percent of whatbthe Federal Government was paying Samuel Langley to develop his impractical craft.
I've always believed government subsidies were destructive to free economies, and now thanks to this book and the research of Burton Folsom the evidence is available for all who are interested in seeking the truth about crony capitalism. It struck me how many times throughout the history of this country the pendulum has swung between free markets and government subsidies, each time proving the disastrous results of government trying to pick the winners, yet with each crisis somehow further cementing the believe that government should be involved in and control more and more of the economy. Reading about events of the past that sound like headlines from today's news makes me realize how foolish we are as a nation, repeating rather than learning from past mistakes, and how destructive the policies of the current administration will prove to be. I only hope that we as a nation can wake up to the truth about government subsidies, crony capitalism, and unchecked government power and corruption. A good place to start is for every citizen, especially every voting citizen, to read this book.
Conventional history books focus more on superficial details without attempting to understand the underlying causes. It is one thing to explain that there was high inflation and an energy crisis in the 1970s, but quite another to deftly explain the government policies which directly led to it. It is all to common for such events to be depicted as externally caused and inevitable, when in fact they are both heavily influenced by government policy and quite avoidable.