A romp through contrary ideas of government's role

Woke up around 2 and couldn't sleep, so I came down and broke out some Ted talks.  This morning, what appealed to me were the government ones that showed a view contrary to mine:

• Mariana Mazzucato: Government -- investor, risk-taker, innovator

I'll grant that government funding and support has pushed advances in many fields.  However, the market-shaping that government does is inappropriate, driven mainly by bureaucratic and political interests; there are only so many good examples of innovation because government has been involved in every aspect of our lives!  The negatives and unintended consequences of so much intervention far outweigh the positives.  I believe we would be much better off without some of our current technology (including space and medicine and computers and atomic energy), growing at a pace that is supported by voluntary investment.

I'll agree, too, with the proposition that government-funded innovations and research should yield a return.  There is no excuse for privatization of resources that have been forcibly taken from taxpayers.  Of course, I recommend a slightly different take: the results of these investments should be made available to all, without restriction, rather than being employed privately by anyone, neither in a company boardroom nor in a government office nor in a military base.

• Michael Sandel: Why we shouldn't trust markets with our civic life

He's totally focused on the market of dollars and cents.  That's the market I trust the least.  So I guess I agree with him there!  But there are other markets that make appropriate foundations for our "civic life."

I was going to add this comment, but Steve already did... and I couldn't resist the prompt to expand on it:

• Steve Gottschalk

  Oct 21 2013: There is a prevalent assumption in this talk that the only kind of market there can be is a monetized one, which is a bit like saying age is the only way to measure a child's progress.

  • Nick Vahlkamp

    Nov 8 2013: your comment is completely opaque. could you elaborate? Markets mean money in this here USA.
    Are you referring to indulgences from the 10th century?

    • Trent Larson

      I believe he is talking about a broader meaning of market, eg. "one of the many varieties of systems... whereby parties engage in exchange" (Wikipedia). Any social exchange becomes a market, so we can talk about the market for singles to find a good time and even a mate; for students to find a fitting educational environment; for workers to find an appropriate job; for social change-makers to find fertile ground for their ideas; and even for children to find the place where they will be loved and accepted. All these are exchanges, and I think we'd agree that there are many more dimensions than raw money that influence these trades and implicit contracts.
      
      This is my complaint with Sandel's talk as well: he only discusses the market of money/currency... meaning, in the USA, the system of the Federal Reserve and the Federal Treasury (and the supporting laws regarding tracking, lobbying, etc). I believe that particular market is rather unjust... so I guess I'd agree with him on that one. But there are so many other motivators that drive people to exchange their time and attention and effort, and it would be great if we paid more attention to those markets... markets which will always be voluntary... markets which give genuine, lasting rewards to the participants as opposed to artifacts generated by organizations.
      
      And I'll go further: I trust the aggregate choices driven by our common humanity much more than I trust the military-industrial-financial complex that currently serves as our civic governance in the US. I believe that we can build civil systems based on these other markets, contracting with one another rather than with a police-enforced government. (Unfortunately, I also believe it'll take a few generations.)