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Interesting, yes employee maintenance cost like healthcare and specially housing hurts the economy magnificently. That said, those things only make the dictator
by econ 1y ago
Interesting, yes employee maintenance cost like healthcare and specially housing hurts the economy magnificently. That said, those things only make the dictatorship model more palatable. I want a system to compete with it and kill it.
- Herring 1y agoWell ping me if you find it. I think the winds are seriously blowing against you right now: https://americanaffairsjournal.org/2020/08/the-china-models-challenge-to-democratic-capitalism/ https://americanaffairsjournal.org/2020/08/the-china-models-...
- econ 1y agoThat was a wonderful read. The puzzle should be considered exciting. If I've learned one thing in life it is that it is easy to do better than a thousand people convinced it can't be done. Illusions of grandeur are useful. As the article points out, there is a lack of a long term plan. If there is such a thing (however idiotic) you can promise specific taxes and regulations for things that get in the way and specific tax breaks and subsidies for projects complimenting it. It has to be clear and specific so that one can bank on it. NIMBY is fine, you get a reasonable bill for it.