Many people believe that without government, we wouldn’t have access to things that are usually classified as “public goods.” From libraries to roads, many like to use this argument to prove the government’s growing presence in our lives. But we are surrounded by examples of private companies and individuals providing the same services that governments have historically provided, only the private sector often does it much better.
- Crony Capitalism: When successful businesses use government power in order to gain control in the marketplace.
- Incentive: Something that motivates or encourages one to do something.
- Monopoly: A business that does not have any competition