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Red states in the US don’t follow laissez-Faire economics. They follow race to the bottom and beggar thy neighbor economics. Essentially, they are willing to b
by addicted 6y ago
Red states in the US don’t follow laissez-Faire economics. They follow race to the bottom and beggar thy neighbor economics.
Essentially, they are willing to burn all sorts of rules and regulations in order to beat a neighboring state to attract businesses and individuals. They then make up for this loss by drawing federal dollars that are usually paid for by people and companies in those same states they drew people and businesses away from.
But they are absolutely willing to regulate where it helps them individually even if it is against purported principles.
And then, of course, there’s the annual hypocrisy where red state senators will decry any funding towards blue states (for example, emergency funding to California for fire disasters) but jump right into demanding as much money as they can get when there are disasters in their states.
Texas’s energy supply bounties hides this there but it’s evident all over the remaining red states.