3 ms·
Government subsidies almost always leads to inefficient capital and labor allocations, which create waste.
by rmbyrro 4y ago
Government subsidies almost always leads to inefficient capital and labor allocations, which create waste.
- zardo 4y agoAlmost is doing a lot of work there
- TrapLord_Rhodo 4y ago>inefficient capital and labor allocations, which create waste. You can thank this 'inefficient capital' to almost all modern innovations. In reality, the US System has evolved to be no different than China, only slightly more people have their hand in the pot in the US. We also heavily subsidize electric energy production, manufacturing and all other manners of industry. We just don't allow sweat shops in manufacturing anymore, only tech.