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> I suppose these subsidies exist because politicians happen to have non-exec directorships with producer companies. Or put differently: An industry that has
by SideburnsOfDoom 5y ago
> I suppose these subsidies exist because politicians happen to have non-exec directorships with producer companies.
Or put differently: An industry that has been very large and very profitable over a century, captures government policy for their sector. (1) This will happen unless measures are taken to prevent it.
1) https://en.wikipedia.org/wiki/Regulatory_capture https://en.wikipedia.org/wiki/Regulatory_capture