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This is just wealth destruction. Government intervention will create an artificial higher demand for those services. Maybe the same developers would be building
by swfsql 9y ago
This is just wealth destruction. Government intervention will create an artificial higher demand for those services. Maybe the same developers would be building something else that THEY would believe would be about more interesting or profitable.
So chinese will miss those OTHER OPPORTUNITIES to innovate (even if still innovates, it could be "even better"), or other opportunities to "copy cat" other services. The question is: who should decide whats done and whats not done? The consumer or the government?
Read Bastiat. It's easy and obvious to point at something that's being built by government or (indirectly) by the government intervention. The hard part, that needs some economics stretching, is to wonder about the invisible, non-existing projects that actually are never felt missed.