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> Free markets are people voluntarily interacting and have driven almost all technological development Free markets drive the scale and lower the price of tech
by danans 6y ago
> Free markets are people voluntarily interacting and have driven almost all technological development
Free markets drive the scale and lower the price of technologies discovered by speculative public investment.
> At the frontier, sometimes the government spends money on things where the risk is too high or the payoff too small in short term.
And that is where most technological development takes place: at the frontier. And well behind the frontier, the government must also spend on the education of its populace so that they can actually implement the ideas revealed by the frontier, whether that means primary through education or technician type skills, which feeds into the free market pipeline to drive scale and lower costs.
Broad access to educational opportunity is something that European countries do very well: assuring that their population (AKA pool of labor) is skilled enough to implement technologies like solar and wind.