I think the problem with government is: It is not a very efficient or very accountable step in the use and flow of money and capital. Bureaucracies (government) are by their very nature inefficient. Too many people feeding at the trough, so to speak.



In other words, there is no VALUE ADDED as the money stream moves through the government. And by it's very nature is highly inefficient in the use and distribution of said assets/resources.



In manufacturing terms, it would be considered a non-value added operation. For example, Inspection would be considered a non-value added operation in the manufacture of goods. Whereas, machining or assembly would be considered a value added operation.



In retail, non-value added operations would be considered similar to what we call the Middleman. The Insurance Industry is a prime example of non-value added middlemen that drive up cost for goods and services. While answerable to shareholders, still a very inefficient use of resources. In this case efficiency is not measured in product end user satisfaction, but rather by profit to shareholders.



jsc



Just ask me. I'm a pretty fart smeller...I mean smart feller. Pop thought I was such a bright kid he called me sun [son]. lol


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"As hard as I've tried, just can't NOT do this"

John Crickmer

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