Friday, May 11, 2007

Government spending squeezed out private sector

Courtesy of Captain Capitalism. I'm certain this chart can just as easily be applied to Canada, and in particular Saskatchewan.

Inevitably someone asks whether "replacing" the private sector with public spending is necessarily a bad thing. I recommend looking at Saskatchewan's (or perhaps France's) GDP and population growth rate for the answer to that question.

1 comment:

the-conservative's-conservative said...

This chart is utterly meaningless. The private and public sector percentages inherently mirror each other because the total must always add up to 100 percent. This does not prove anything about "squeezing"--indeed, private sector investment has increased dramatically since the 1920s along with the increasing public sector share of the economy.

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