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The Myth of Expansionary Austerity
#21
(08-14-2011, 12:44 PM)Gommi Wrote: To invest confidently in new technologies corporations need a stable environment, which only the government can provide. This explains the frequency of corporate lobbying for contracts. State subsidy and corporate welfare has sustained many industries.

Two things here: 1, Spontaneous Order; and 2, The Unseen. These are two concepts you never understood, did you?

Spontaneous Order really does work, but unlike government regulation, it goes off in many different directions in order to accomplish things far quicker, easier, and efficiently, than State sanctions.

The Unseen is almost always overlooked. Those corporations successfully lobbying for subsidies and corporate welfare, are hurting those businesses that don't get seen on the radar screen. And while it may sustain many industries, it only favours a select few, at the expense of the many competitors. It works poorly and slows down every one else.

Again, you seem totally unable to think dynamically "G".


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"Falsehood flies, and truth comes limping after it" - Jonathan Swift, 1710
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#22
(08-14-2011, 12:44 PM)Gommi Wrote: To invest confidently in new technologies corporations need a stable environment, which only the government can provide. This explains the frequency of corporate lobbying for contracts. State subsidy and corporate welfare has sustained many industries.
Your first sentence is true.

However, corporate lobbying is not only for a stable environment, but for favors, subsidies and rules which benefit the corporation and also harm its competition. 2/3 of the hiring in the US is due to small business which has no lobby, get no subsidy or corporate welfare. It is also the locus of much creativity in industry.

Can you give me examples of which industries are sustained by state subsidies and welfare? Your examples must be of industries that would fail if they did not get these government goodies. We all know of GM and Chrysler, so let's exclude these.



Jefferson: I place economy among the first and important virtues, and public debt as the greatest of dangers. To preserve our independence, we must not let our rulers load us with perpetual debt. We must make our choice between economy and liberty, or profusion and servitude. If we can prevent the government from wasting the labors of the people under the pretense of caring for them, they will be happy.
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