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Why would an industry dying be a problem? Why would you "regulate" to keep it alive? (which means keep it alive with our money) Who decides which industry sho
by MrPatan 3y ago
Why would an industry dying be a problem?
Why would you "regulate" to keep it alive? (which means keep it alive with our money)
Who decides which industry should be kept alive and which should die? Let me guess, you do.
- tivert 3y ago> Who decides which industry should be kept alive and which should die? Let me guess, you do. Sometimes that's better than letting "the market" decide. IMHO, it's a mistake to think of the market as some kind of best-decision making machine that should be left to run unattended. It's a effective, but buggy program with a lot of WONTFIX bugs that need to be mitigated through other means.
- f33d5173 3y ago> Let me guess, you do. Close. It's decided democratically, via elections of representatives who in turn vote on such issues. This system has it own problems, of course.
- MrPatan 3y agoAren't those same people now voting directly, with their wallets, to let an industry die? Why do you want to add a middleman politician to the process? Do people not know what's good for them? Why would they then know what's good for them when voting for those politicians?