Government and the economy...

As a postscript to yesterday's blog, I just would like to add that government can always react, but this never work as well as people dream.

Government can only be proactive and set the stage for a sound economic framework. The problem is that it must think long term, something governments are unable to do, as they are at the mercy of their election cycles. Folks who think that governments can intervene on matters like jobs are simply unrealistic.

Short term fixes like this simply don't work; it's almost impossible to turn on a dime like this; this is akin at stuffing the toothpaste back into the tube in a hurry. My sense is that the way we look at government should be reformed and we should expect it to set up a framework for a society that work for all and keeps on evolving over time. This idea further begs a fundamental reform of politics or public service as we know it today.