alt Hacker NewsWhat evidence is there of governments being more successful at picking winners than the market?
Governments should stay out of the winner-picking business, which they do with money from the public purse, and allow individuals and enterprise to use their own money to have a go at picking winners themselves.
If industry and banks find investment in any particular field unpalatable without Government incentive, then those investments were unpalatable to start with.
Industry and banks will find something better to do with their money.
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What evidence is there those with capital/the market are making the best engineering and science based decisions and not just juicing their portfolio because they’ll be dead when shit hits the fan?
Sure, I'll bite. Will they invest in more coal and gas instead? And help cook the planet? You post as if you don't know what it's about, but of course you do. Disingenuous and contemptible.
Cool, cut all the oil subsidies, and road subsidies, and let the market decide
This isn't a game so it's not about picking winners. It's about steering the economy so local businesses get an advantage over foreign entities.