I don't believe that government is good at picking technology, particularly technology that is changing. By the time you get it done and go through democracy, it's so outdated.
Michael BloombergWhat goes on in Europe concerns us greatly because, if Europe comes apart, the E.U. comes apart, then you're going to have enormous impact on America, that's a very big trading partner of ours, and people own securities around the world in this day and age.
Michael BloombergNow, you might say โ โBut why should we pay people for doing what theyโre supposed to do?โ Itโs a fair question โ but think of it this way: Every other anti-poverty program thatโs been tried has failed to get the national poverty rate below 11 percent... Why shouldnโt we experiment with a program built around the one strategy that has proven time and again to work wonders โ capitalism?
Michael Bloomberg