IBJOpinion

Good government shows our humanity

January 16, 2010
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IBJ Letters To The Editor

After reading [Morton Marcus’ Jan. 4 column] on the economics of government, I would like to nominate you for the Nobel Prize for Economics and Government 101. I particularly appreciate your “response” to the (implied) challenge that providing funding to the government (for services like libraries, roads, education, waste disposal, health care, etc.) is “socialism.”

Thank you also for briefly describing one of the obligations of our form of self-governance, that of citizenship and a commitment to the common good of all. We are a country governed by a Constitution and laws. Without three balanced and fully functioning (and therefore funded) branches of government, both our social and our economic systems would collapse—like those of many nation-states that have either: (a) failed (like Pakistan, Afghanistan and, unfortunately, many others); or (b) never really emerged (like many post-Soviet republics). It is through government and good governance that we, as citizens, establish the rules of law and fairness that bind us together as human beings, living in community together, not just as mini-versions of profit-maximizing corporations competing in a zero-sum game of monopoly.  

____________

Ron Mead  

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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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