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To some other areas - someone else picking up the tab for externalities that are not properly priced. For example: - public funded infrastructure which compa
by DrScientist 7y ago
To some other areas - someone else picking up the tab for externalities that are not properly priced.
For example:
- public funded infrastructure which company relies on for business but doesn't pay for through tax - eg roads.
- environmental dumping - C02, pollution, waste where the full economic cost is paid down the line by future generations - in effect a subsidy on today's activities.
The other main area is to maintain 'strategic capabilities' - food production, defence, energy.
There was an interesting example in the UK - combining both energy and defence:
rumour has it that the UK government approved a new nuclear powerplant not so much on it's merits, but on the worry that if there wasn't a domestic nuclear industry in the UK, then the military would face a nuclear skills gap.