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Pastimes : THE SLIGHTLY MODERATED BOXING RING

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To: TimF who wrote (12646)	5/10/2002 5:10:28 PM
From: Solon	Read Replies (1) of 21057

"Which is why the Pentagon can lose a trillion dollars over a number of years" Now you are beginning to understand. It is the same reason that Enron can dupe millions of investors, or that thousands of companies can pay their Board half million dollar salaries and stock options and bonusses when the company has .13 cents in the bank and a demand loan owing at 20%. "Time is a finite resource." Productivity is evaluated by the benefit of what is being done, not by how much time is left to spend on other things. "my point is the whole system of government budgeting and political accountability is less prone to produce efficiency then market forces" My point is that it operates within market forces--that human need and human opinion are market forces in the service industry. My point also is that private industry is every bit as unproductive as regards creating wealth as public agencies are in creating satisfaction. "As for flippancy I don't recall any" Your statement that public employees were less productive than private employees sounded flippant to me. That is why I mentioned it.

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