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> No market can make any meaningful decision on what to do and where to go at any time out of day to day operation. > Unfortunately the EU commission (and most
by ernst_klim 6y ago
> No market can make any meaningful decision on what to do and where to go at any time out of day to day operation.
> Unfortunately the EU commission (and most of our governments) seem to believe
Maybe because people in EU commission are not that arrogant and ignorant to ignore the resource allocation problem and need for markets?
While subsidies could change the incentives and outcomes, they also imply some inefficiency which usually makes people worse off. Such matters are not black and white, you can't just steer the society with policies as you want totally ignoring economic effects policies produce.