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Scientific research and statistical information gathering are vastly better performed by government, and underproduced by private actors. These are classic public goods.


Bill Gates: Only Socialism Can Save the Climate, ‘The Private Sector is Inept’ [More...]
"Gates admitted that the private sector is too selfish and inefficient to do the work on its own, and that mitigating climate change would be impossible without the help of government research and development."
The Entrepreneurial State: Debunking Public vs. Private Sector Myths (book) (4 links)
This book debunks the myth of the state as market failure fixer, leaving entrepreneurship to the private sector. Case studies reveal the opposite: the private sector follows the state's bold, high-risk investments.


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