Mainly, getting rid of it. Governments can do very little to increase productivity or to improve the economy. But they are great experts at preventing other people from working.
Productivity is low because workers are too cheap. End the import of hundreds of thousands of cheap workers, firms will have to invest in machinery to do their work and productivity increase.
Your description of the relative efficiencies and inefficiencies of different businesses with which you have to interact is a brilliant example of how detailed knowledge of an activity is required before you can regulate it. The government is a dead hand sledgehammer when it interferes with anything - it understands NOTHING apart from itself - the narrow bubble of politics. The whole paradigm of governance in our massively complicated multi-dimensional world with a gazillion moving parts is utterly and totally ridiculous. We need more Adam Smith thinking, so that there are downstream consequences and accountability for all rules and rulemakers.
Mainly, getting rid of it. Governments can do very little to increase productivity or to improve the economy. But they are great experts at preventing other people from working.
Productivity is low because workers are too cheap. End the import of hundreds of thousands of cheap workers, firms will have to invest in machinery to do their work and productivity increase.
"Vainglorious dolts" 🤣🤣🤣🤣 I use "Highly intelligent idiots" but yours is more poetic 🙂
Your description of the relative efficiencies and inefficiencies of different businesses with which you have to interact is a brilliant example of how detailed knowledge of an activity is required before you can regulate it. The government is a dead hand sledgehammer when it interferes with anything - it understands NOTHING apart from itself - the narrow bubble of politics. The whole paradigm of governance in our massively complicated multi-dimensional world with a gazillion moving parts is utterly and totally ridiculous. We need more Adam Smith thinking, so that there are downstream consequences and accountability for all rules and rulemakers.