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Even Harvard Business School has come to the stunning, to them anyway, conclusion that the more government grows the worse off the private sector economy gets. They had thought it would turn out to be the opposite (for some reason). Apparently ignorant of history and common sense the three professors had to prove it to themselves before they would believe it.
Funny, they never had to prove it to themselves to believe the opposite, in infantile socialism.
All you have to do is look at Europe, Japan or even Venezuela to see that the economy suffers when the government gets too big. El Universal newspaper in Venezuela ran this story just today "The State Grows and the Private Sector Suffers Biggest Drop Since 1999".
Of course to anyone with two braincells to rub together this is only common sense. You would have to be an "intellectual" to think otherwise. Of course you would think otherwise without any proof whatsoever, this is called a bias class.
The media is the same way, but they will never put it to the test.
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The fact that it took that long for the Commie League oops I mean Ivy League to discover that big government is bad for the economy proves that leftism and common sense are as mutually exclusive.
ReplyDeleteI do expect this to be a very short-lived thing as other business schools reject the results, I doubt even HBS will change what they teach.
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