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Yes but how do you know the money actually will be spent productively. The main problem is this kind of money often just lines pockets.
by rapsey 5y ago
Yes but how do you know the money actually will be spent productively. The main problem is this kind of money often just lines pockets.
- blagie 5y agoThe trick, really, is good governance. These problems have been solved before. For example, the government can: 1. Provide market incentives. For example, the federal government can give a 25% subsidies for school Chromebooks/laptops/etc., require the CPUs and RAM to be manufactured in the US. 2. Provide guaranteed markets. The US military is an efficient place to do this. 3. Provide subsidies with outcomes. If Intel wastes the money, Intel stock moves from investors to taxpayers. Personally, I'm also a big fan of tariffs. Free trade zones are great, but tariffs between free trade zones on essential goods can encourage local production. If US CPUs cost 25% more in the EU, and EU CPUs cost 25% more in the US, there's a strong incentive to have local manufacturing infrastructure.
- rapsey 5y agoWell they obviously can make sure the money is spent as intended. The problem is they wont.
- blagie 5y agoSometimes they do, sometimes they don't. They've been doing it less with partisan bickering, as people argue about where money gets spent instead of how. Government has worked well before, many times in US history.