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There are things that Gov spending can help with foundational technologies - multi-decade research that would otherwise VCs impatient and create a complete brea
by systemvoltage 5y ago
There are things that Gov spending can help with foundational technologies - multi-decade research that would otherwise VCs impatient and create a complete breakdown of private enterprise. There are areas of engineering where Gov involvement creates asymmetry for big companies and screw the small guy - in turn creating inefficient private enterprise, thus fostering giant monopolies or quasi-monopolies. There is nuance which is missing in the discussion on HN perhaps due to political team sport.