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That's not the same thing, and just my point. The government didn't give Intel, Microsoft or Netscape $200M (or whatever the inflation-adjusted figure would be)
by twoodfin 14y ago
That's not the same thing, and just my point. The government didn't give Intel, Microsoft or Netscape $200M (or whatever the inflation-adjusted figure would be).
- jbooth 14y agoThe market's an optimization system, it's not some religious object with holy precepts. Sometimes you need to give optimization systems a hint.
- twoodfin 14y agoThe government has dozens of ways to structure incentives without making half billion dollar investments in particular companies. Telecom reform in 1996, for example, was a huge boon for the internet and related industries, and it didn't require picking one specific company over another.
- jbooth 14y agoTesla wasn't picked over another company, they were the only company trying this. The DOE gives all kinds of grants and loans to innovative energy companies because it's seen as a national security issue.