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Re:Ask HN: Why not invest in random companies and hire rando... by Zelmor on Saturday May 21, 2016 @01:19PM (#11745377)
Any government doing this are not wsdting their own money, but the money of their taxpayers. Or in Nigeria's case, other countries' aid money. It is a desperate attempt, but I guess they are out of ideas. Also, this way a lot of government officials, their wives, friends, family and their dog can apply for business aid. Dream of anyone out for themselves, really. Corruption at its best I say.
Re:Ask HN: Why not invest in random companies and hire rando... by baron816 on Saturday May 21, 2016 @01:32PM (#11745425)
The program was designed to avoid corruption. If they had a committee choose, they would have chosen their cronies. By setting up a lottery, they money goes to people without special connections.
Re:Ask HN: Why not invest in random companies and hire rando... by Zelmor on Saturday May 21, 2016 @02:44PM (#11745683)
Because noone has ever rigged a lottery, right?