4 ms·
This. The system works just as intended. If the state is throwing free money around why wouldn't you pick it up and pocket it? Your job isn't to create jobs or
by Cumpiler69 2y ago
This. The system works just as intended. If the state is throwing free money around why wouldn't you pick it up and pocket it? Your job isn't to create jobs or return on investment, it's to funnel that free state money in the pockets of shareholders.
For those looking for another similar example of European subsidized tech failure check the ST-Ericsson story.
- Al-Khwarizmi 2y agoChina also subsidizes the car and battery industry and in their case, it seems to be working just fine. So a blanket statement of "state subsidies = bad" does not tell the whole story.
- Cumpiler69 2y agoOf course, everyone is subsidizing their industries, especially the US and China. I never made a blanket statement that all state subsidized are bad, I just pointed out some cases of major EU failures which you took as a blanket statement.
- huijzer 2y agoThis is a bit of a black and white way of putting it. Yes, much state money is wasted, but not all. Some of the money went to Swedish construction workers for example.
- Cumpiler69 2y ago>Some of the money went to Swedish construction workers for example Ah, the myth of trickle down economics.
- pas 2y agofiscal multiplier != trickle down