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> Programmers that don't work at tech companies work somewhere else Yes, but maybe at a lower salary > investors that don't invest in tech companies invest in
by cabalamat 8y ago
> Programmers that don't work at tech companies work somewhere else
Yes, but maybe at a lower salary
> investors that don't invest in tech companies invest in something else
Maybe at a lower return. Countries that don't invest in high-growth sectors (which means high-tech) will over the long run have lower growth rates than ones that do.
> So it's wrong to say that just because a country doesn't have any tech companies it's poorer, and that protectionism for tech companies will make it richer.
When companies have a monopoly, they are able to generate an economic rent, which makes everyone except their shareholders poorer.
Furthermore there is the sovereignty argument: a country not in control over its information infrastructure isn't really independent.
So if a country can generate its own equivalents of Twitter, Facebook, Android, Google search, etc, there may well be a good case for it doing so.
- amadeuspagel 8y agoThe point was not that those programmers and investors are just as well off without protectionism (obviously not), but that the country as a whole is better off because the people that before would have produced knockoffs off western companies now produce something new.