One of our favorite publishers and political thinkers, Steve Forbes, provides a four star review of writer/talk show host and Discovery Senior Fellow Michael Medved's new book, The Five Big Lies About American Business.
The timeliness of the Medved book could hardly be more striking. Business has not been under such federal government attack, literally, in our lifetimes. What the Administration doesn't own (and then dictate to, such as banks and GM) it tries to browbeat. What the White House cannot get Congress to enact, it attempts to achieve by regulation. In addition, there is a constant drum beat of criticism against the private sector--this from the most inefficient, wasteful and, in many ways, most unjust sector of society.
Writes Forbes (in the March 1 issue of Forbes magazine), "Medved has his most fun with the fairy tale that 'the pure-souled and disinterested idealists in government will serve people more reliably than the greedy go-getters in the private sector.' Whether it's the Post Office, public schools, Amtrak, Medicare, Medicaid, public parks or light rails, the government's record has been routinely abysmal when it comes to efficiency, effectiveness, service and careful use of financial resources."
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