Responding to a Bloomberg editorial 8/8/24 re: “Everyone wants better government” p. 10B
Despite its title, your editorial just touts deregulation as better governance. Thanks deregulation, we got the subprime/derivatives scandal–the worst financial crisis since the Great Depression. Thanks to Hollywood, people want the police and courts to solve all the crimes, too. Perry Mason certainly does. But in California, police solve 13.8% of crimes (in 2022). That hasn’t stopped the massive investment in cops, courts and cages, though. While US population increased 42% from 1982 to 2017, spending on the three “c’s” increased 187%. Per capita, Canada incarcerates one seventh as many as the US does and has a lower crime rate. Of course the US has more than a half million medical bankruptcies annually while Canada has none. Maybe treating people better would deliver better government. Just a thought.
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