Re:Wealthy rent-seekers who profit from unjust government po...
by Consultant32452 on Sunday April 01, 2018 @04:50PM
(#16730365)
Why would a national bank be better than credit unions which already operate not-for-profit?
Re:Wealthy rent-seekers who profit from unjust government po...
by Synaesthesia on Tuesday April 03, 2018 @06:28AM
(#16743330)
Well that's fine too - the important thing is that they operate on a non-profit basis.
Basically the infrastructure can be viewed as a 4th factor of production, like capital, labour and land. Government subsidized, low cost infrastructure allows for a more competitive economy, because of lowered costs for businesses and individuals.
His thesis is that the end of the 19th century it was understood that government investment in infrastructure and public subsidy for services allowed the USA (and other countries) to become globally competitive. But now the opposite is occurring.