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> when there's an economic downturn and the government bails them out It's more that the government subsidizes their lack of resiliency in a back-handed way. T
by dehrmann 3y ago
> when there's an economic downturn and the government bails them out
It's more that the government subsidizes their lack of resiliency in a back-handed way. This might not be so bad because markets are usually short-sighted and fail at this, so the only way for it to exist in a market system is for the government to pay for it. This is what the Farm Bill does. It subsidizes food production because people starve when markets are too efficient.