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It's simple - if the private labor market is failing to provide something, then the government needs to step in to make it happen. This could be via subsidies/g
by RealityNow 9y ago
It's simple - if the private labor market is failing to provide something, then the government needs to step in to make it happen. This could be via subsidies/grants, creation of research institutions (like the university in the article), and/or creation of state-owned enterprises.
Unfortunately we've all been brainwashed by neoclassical economists and such to believe that free markets should dictate everything.