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Ring fencing is always pointless in the long run because the government isn’t stupid. For things they actually want to spend money on they’ll find a way. If the
by barry-cotter 7y ago
Ring fencing is always pointless in the long run because the government isn’t stupid. For things they actually want to spend money on they’ll find a way. If there’s political will to spend money on something it’ll be funded, ring fencing or no.
In the short run ring fencing can provide a temporary boost in spending but in the long run all sources of funding are fungible.
- gitanovic 7y agoVery true. But still, in the current situation fencing might actually be a good thing: a boost in research in the right direction. Also if temporary, it might be just enough to make the step needed, and it is anyhow better than nothing.