Re: ECONOMY: The Absurdity of Merchant Account Requirements

Damien R. Sullivan (
Tue, 8 Sep 1998 18:10:34 -0700 (PDT)

On Sep 6, 1:49am, "maxm" wrote:

> There is a fundamental "law" about growth in the public sector called
> Parkinson law. It says something in the line of: "Every public official will

One econ textbook described the "cost disease" of the service (including public) sector: as productivity and wages go up in high capital industries wages elsewhere must go up somewhat, but efficiency in service industries doesn't increase as much, if at all, so they become more expensive and relatively less efficient and productive.

> I once got the idea that there is a need for a new "organ" whos sole
> responsibility is to analyze the net worth of the other governement organs
> and then cut down on the inefficient ones. That way growth should be kept in

The General Accounting Office of the US does the first half of that. At least it analyzes programs and audits departments; it could probably analyze departments as well. The cutting down bit is the hard part.

-xx- Damien R. Sullivan X-)

I once was a giant but now I'm a craven, My dirge is of white sheep and the black raven.