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The 1% allocate capital that are best at allocating capital. If they aren’t good at it, they rapidly lose capital
by naveen99 6y ago
The 1% allocate capital that are best at allocating capital. If they aren’t good at it, they rapidly lose capital
- findthewords 6y agoOnly because the government has provided poor alternatives. Is Uber a better allocation of capital than infrastructure projects?
- vorpalhex 6y agoThe Government doesn't build the economy, it constrains it (ideally in helpful ways and not harmful ways). You can't lego yourself an economy - or at least nobody has successfully done so yet.
- A12-B 6y agoIs that why farms need subsidies to survive? Because the farm owners are really good at allocating capital?
- naveen99 6y agoPeople need food to survive, especially during war. That’s the reason for the subsidies. Without the subsidies, they wouldn’t allocate the capital, and you’d starve when your neighbor state attacked you instead of exporting their food to you.