3 ms·

Wait patiently for the inevitable correction. E.g. innovation like this and other things we can't even imagine yet: https://www.theguardian.com/technology/2016

• jressey 9y ago
  Your answer actually resonates with me to some degree. It is not my position but I get it and think it would work in an ideal world without corrupted officials. As it stands, I see the less advanced technology thriving for longer than it should, for example fossil fuels today are not being replaced at a pace that would align with what the market demands. More and better government programs to increase sustainable energy would lead to breakthroughs, more (better) jobs, and a healthier economy for 99%. Musk's space-internet would be pushed against for years or decades because of entrenched institutions. How do you feel about the effect killing net neutrality would have on small businesses that can't afford the fast lanes that their larger competitors would use?
  • pvnick 9y ago
    You're right - government officials (not necessarily corrupt even) write legislation influenced by lobbyists who are hired by the big guys to protect their own interests. All legislation is influenced by lobbyists. It's just the name of the game. More legislation and regulation generally has the opposite effect of getting in the way of innovation and market efficiency. Regarding sustainable energy - a lot of government funding is already going to that in the form of research grants awarded to people in academia looking at those things. We can increase funding, but that's already happening. The surest way to kill those chances would be, for example, create a carbon tax which has the effects of getting government dependent on revenue coming from fossil fuel emissions, and introduces incentives to ensure that revenue source continues. Regarding your last question - I don't know. Haven't done the research. But I have read enough of classical economics to know that it's probably not a big deal - or if it is an issue that it will be short-lived. If the consumer is sufficiently fucked then it is the corporation who will have shot themselves in the foot. Law of supply and demand in action
• anigbrowl 9y ago
  Let's ban all regulation. You can't imagine what wonderful things I could achieve if I could just help myself to your capital. I know that sounds like a bad deal for you but market forces will prove me right in the end, just wait and see.
  • unityByFreedom 9y ago
    You stop too short. Ban all government. Then those who are already invested in the strongest companies win. Rule by populism -- forget meritocracy or any notion of innovation. Trump and his ilk don't have enough. They need more.