4 ms·
Billionaires like Elon Musk have done far more to bring about mass adoption of electric vehicles than governments ever could. Government funded agencies like NA
by IXxXI 7y ago
Billionaires like Elon Musk have done far more to bring about mass adoption of electric vehicles than governments ever could. Government funded agencies like NASA don't design or build their own rockets anymore. Space X can do the same job both better and cheaper. The best creators of jobs and economic value is the private sector. Even state run pension plans like social security are notorious for being poorly implemented and run. SS pays negative returns on every dollar retirees invest in it. Far worse than private sector alternatives. These trends hold true for governments attempting to achieve wealth equality. Governments are typically the worst at achieving effective cost per value as they operate as monopolies which lack competition and have no incentive to produce value.
- digitaltrees 7y agoMost of the basic research was sponsored by governments well before commercialization was even possible. Government can take a long horizon on capital use specifically because it isn’t tied to profit. You may prefer the short term, quarterly reporting mindset; my point is there is a role for both governments and companies. Worship of one over the other loses the benefits of both working together effectively. Further, government actually does have competition. In a functional democracy, leadership can be changed periodically based on results creating competition over time. If you don’t like the way the system is functioning fix it. Additionally, In governments that have divisions like federal, state, county and local there is plenty of competition. Each state experiments with different public policy and measures the results. Look at the history of the LLC, It didn’t exist until one stare created it and the resulting competition caused all states to adopt it.