Skip to content
quotesby

About this quote

What does it mean?
Markets in capitalist economies naturally fix errors through competition, unlike bureaucracies which often persist in mistakes.
In plain terms
Businesses fix mistakes to survive, but government agencies often do not.
What can you take from it?
Markets self-correct; bureaucracies often do not.

Where it applies

  • economic policy debates
  • business analysis
  • government reform discussions

Putting it to work

  • evaluate market vs government solutions
  • assess organizational accountability

Questions to consider

  • Do bureaucracies ever learn from mistakes?
  • How do markets correct errors?

Another view

Markets can also fail to correct systemic issues without regulation.

More from Rush Limbaugh

  1. It's so simple: I am a conservative who puts the country first, not a political party or a particular nominee.

    Permalink to quote #54
  2. If you're Ted Kennedy and you call Bill Clinton to say, 'Look, you have to dial this down, this is not dignified', Clinton could come back and say, 'Hey, at le…

    Permalink to quote #56
  3. All these things that the Democrats have said over the years about quotas and affirmative action and discrimination and all that... if they really meant it, Hi…

    Permalink to quote #53

Related quotes

  1. I should say that when people talk about capitalism it's a bit of a joke. There's no such thing. No country, no business class, has ever been willing to subjec…

    Noam ChomskyNoam Chomsky quote #28
  2. I think myself that we have more machinery of government than is necessary, too many parasites living on the labor of the industrious.

    Thomas JeffersonThomas Jefferson quote #130
  3. [I am against] the Treaty of Rome which entrenches laissez faire as its philosophy and chooses bureaucracy as its administrative method.

    Tony BennTony Benn quote #1