Ronald Reagan Quotes
Outside of its legitimate function, government does nothing as well or economically as the private sector.
Owner of one of the only 2 Mexican Television Networks. Pemex is the only oil company in the world, government or private, that loses money.
The first part of this quotation has defined the attitude of most Americans towards private enterprise and government since then. The second part of the quotation—the undesirability of public ownership of railroads has given way to the modern problem that no passenger railroad can be operated profitably by anyone—private or public. So Roosevelt’s “far-reaching disaster” was finally complete with the Federal Government taking over responsibility for Amtrack.
The mantra was not heard much after the collapse of the ‘smart’ markets in 2008 and the ‘dumb’ governments had to come to the rescue of the economy all over the industrialized world.
Ronald Wilson Reagan was an American politician who served as the 40th president of the United States from 1981 to 1989 and became a highly influential voice of modern conservatism. Prior to his presidency, he was a Hollywood actor and union leader before serving as the 33rd governor of California from 1967 to 1975.