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I would go one further: give government powers to simply purchase things that work well out of the free market, and run it in a way that is pro-quality-of-life
by yarekt 2y ago
I would go one further: give government powers to simply purchase things that work well out of the free market, and run it in a way that is pro-quality-of-life rather than profit. Is fast internet working well? buy and invest profit to increase coverage and speed. A lab makes good drugs? don’t buy its drugs, buy the lab.
The capitalist incentive remain: A gap in the market can yield you wealth for 10-20 years until you’re bought out. and government only buys the highest performing stuff of the bunch.
Challenge is having a system that is resistant to gaming
- twobitshifter 2y agoyou may stifle improvement on technology. If 4G is free for everyone what does that do to the market?
- yarekt 2y agoIsn’t what I said exactly the opposite? In your example, if 4G is slow, and people will pay for development and deployment of 5G, won’t that create a gap in the market for someone to deliver that for which people will pay for extra? It won’t quite be free either, just paid by the government. It’s possible that technology of collecting taxes might also need to improve