4 ms·
You get market share and rep for bringing a product. People are naturally incentivized to innovate within their grasp. At some point all new technology is so e
by defnotashton2 6y ago
You get market share and rep for bringing a product. People are naturally incentivized to innovate within their grasp.
At some point all new technology is so expensive it's beyond reach, until it's not.. When governments force these things out of time with artificial incentives for political reasons often the market grows around it with poor incentives. The cost of which is filled long term for the negative by the tax payer.
The US interstate is a good example. If the government had waited until it was cheaper and the private sector would have done it then cities wouldn't have developed with such sprawl issues because the citizens and private markets would have had the opportunity to have paid for those costs and they wouldn't have. Cities would instead have been more dense and later when cheaper more viable public transportation systems were developed they would have been a lot more effective and more widely deployed.
Furthermore this takes resources away from the natural market growth that would have otherwise gone toward the natural market direction.