Was reading an interesting article on government handouts in Arab countries (to appease the people revolting) .
Came across this interesting quote -
"If a job is indeed productive, its output would be rewarded by other members of society who benefit from it, without the need for government subsidies and guarantees.The fact that government guarantees a job implies that its output is not wanted. Such jobs are a liability for society, not an asset."
Should some of the politicians in Kerala ponder over this?.
I am referring to - this article at Project Syndicate.
Came across this interesting quote -
"If a job is indeed productive, its output would be rewarded by other members of society who benefit from it, without the need for government subsidies and guarantees.The fact that government guarantees a job implies that its output is not wanted. Such jobs are a liability for society, not an asset."
Should some of the politicians in Kerala ponder over this?.
I am referring to - this article at Project Syndicate.
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