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We should do (at least) three things: 1. Provide a counterbalance to private industries by having the government player to be a significant player in that mark
by jmyeet 2y ago
We should do (at least) three things:
1. Provide a counterbalance to private industries by having the government player to be a significant player in that market. That means a free or near-free high-quality state higher education system like the California system used to be until it was made an explicit political goal to avoid an "educated proletariat" [1]. It also goes for housing, hospitals, banks, ISPs and so on;
2. Nationalize failing industries rather than providing them loans for no reason. Banks fail in 2008? Well, you belong to the state now. Just like the FDIC does with failing banks.
3. Federal dollars for pharma research should come with an equity stake in the private corporations that monetize it. Most drugs are developed with Federal grants.
> I love a good market as much as anyone
Just curious: where do you see markets actually working?
[1]: https://www.bestcolleges.com/news/analysis/threat-of-educated-proletariat-created-the-student-debt-crisis/ https://www.bestcolleges.com/news/analysis/threat-of-educate...
- ryandrake 2y ago> 2. Nationalize failing industries rather than providing them loans for no reason. Banks fail in 2008? Well, you belong to the state now. Just like the FDIC does with failing banks. I kind of agree with this, but as a taxpayer, I don't necessarily want the government to have an equity stake in a failing or horribly-run business. We need the government to grow a backbone and allow large businesses and even entire sectors of the economy to FAIL when they suck. I hate the narrative "We have to keep ShittyCo alive because it provides 10,000 jobs!!" as if those jobs would just disappear if ShittyCo got flushed down the toilet like it should be. Taxpayers should not bail out GM and Chrysler and AIG and US Airways and these shit companies. We should have let them fail, let their careless shareholders eat it, and created a regulatory environment that allowed better-run competitors to spring up.