The Realignment Project Tue 2009-09-22 09:00 EDT
Public Virtues -- Part 3 (Institutional Continuity)
...all companies have to focus on the short-term. But the same is not true for the public sector....public institutions are not bound by the business cycle...government can act as the ultimate venture capitalist, making investments that might not pay off for decades to come, and it's a role that only the public sector can play...American governments at all levels have enjoyed huge success as extreme long-term venture capitalists in infrastructure and technology.
Institutional continues; Part 3; public virtues; Realignment Project.