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Even if the government entity is taxpayer funded and centrally planned, this is a competition structured like a market. They set out a bid (the winning amount f
by hueving 9y ago
Even if the government entity is taxpayer funded and centrally planned, this is a competition structured like a market. They set out a bid (the winning amount for the goal) and people can compete however they see fit and spend what they want.
Similarly, the Army doing RFPs to buy a bunch of toilets is still a free market to compete in as a toilet supplier.
- abalone 9y agoDidn't say it wasn't "like a market" in some ways. But DARPA is very much not free market capitalism. It is state capitalism. Silicon Valley is the product of massive government investment.