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In America it's the corporations that do all this maximizing of government subsidies and regulations, only they get to write those regs themselves through regul
by stubybubs 3y ago
In America it's the corporations that do all this maximizing of government subsidies and regulations, only they get to write those regs themselves through regulatory capture. If you want subsidies, the US is only slightly behind the EU for farm subsidies.
So you know. Same thing except all that money flows to the top, and the bottom still has to think about medical bankruptcy.
- carlosjobim 3y agoEurope and America are not so different in all those things. Regulatory capture is alive and well on both continents. But there exists a kind of spirit and individualism and entrepreneurship in America that you hardly ever see in Europe. Fueled by greed for sure, but the greed of wanting to change the world and become a billionaire, instead of European small-time greed of wanting to buy some condos and let your children live on rent income. For all the good and bad, a service like Uber could never have been invented in Europe. I remember when it was accepted that taking a taxi was just for rich people.