Is There a Difference Between Government and the Profit and Loss System?

Mike Mongrony: The usual argument that people on our side of the fence make is that sure capitalism is flawed, but before you can invoke government as an alternative, you have to remember that government is flawed too. He says it's true there could be some problems with the incentives facing the political actors. So we just need to give them a different set of incentives, he says. But in theory, governments could learn, react, change and so on, Contalk argues.