Government Failures Exposed: Policies Harm More Than They Help
The article talks about how both markets and governments have flaws, known as market failures, due to things like environmental pollution and unequal distribution of public goods. Sometimes, government actions create these issues too, like unfair favors for certain groups. When there are big problems, the usual fix is to give more power to the government, even if the problems were because of the government's own actions. This paper says that government should still have some important jobs, like keeping people safe and making sure there are basic services for everyone. But sometimes, markets are blamed for issues caused by the government or when they are messed up by government rules. Both markets and governments have their roles to play in a healthy society.