alt Hacker NewsThey flood an industry with funds and let them all compete with each other. Then they back the biggest winner. A command economy usually mandates X units of Y good. This isn’t quite that.
They flood an industry with funds and let them all compete with each other. Then they back the biggest winner. A command economy usually mandates X units of Y good. This isn’t quite that.
That’s only the first year after that it’s command and control for the vast majority.
Also you take is highly simplistic. Even the small players are command and control. You’re likely just not aware how it works.