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Startups need early adopters who value potential and future vision. Innovators and early adopter look beyond your current offering. The challange is finding eq
by jakozaur 6y ago
Startups need early adopters who value potential and future vision. Innovators and early adopter look beyond your current offering.
The challange is finding equivalent of early adopters for commodity markets such as electrical energy. That where the government policies could step in. There are some things that initially are too expensive, but at scale could be game changing.
Instead of grants, I would allocate $100mln - $1Bln / year to auctions. to buy at lowest price, the cheaper price available should unlock bigger pool. Good examples for government subsidies:
1. Negative carbon emission.
2. Carbon-free steel.
3. Carbon-free concrete.
4. Synthetical fuels such as natural gas or gasoline.
- beefield 6y agoI have thought something similar regarding developing countries. Instead of giving money/help to a developing country, you should foster local industry by committing yourself to buy ten thousand gadgets produced locally. The local cleptrocat would have difficulties siphoning off the money as the products would need to be demonstrably produced. Then, once the gadgets are produced and people employed, you do not need to even export those gadgets, but just auction them off locally, so the gadgets end up as increase in local welfare. In the best case you may even make a small profit... Of course, it is difficult to judge what the locals produce best, but somehow I still think that induced demand would be helpful, and better than just dumping the money there.
- cycomanic 6y agoThe problem is that often enough part of the motivation in foreign aid is not making the developing nation independent, but more dependent, i.e. using the nation as either a source of cheap resources/labour or as a future market. So what foreign aid does is actually establish market dominance of the "first world" companies.