Re:Richest 1% on target to own two-thirds of all wealth by 2030
by noobermin on Saturday April 07, 2018 @04:43PM
(#16782842)
A powerful government is also really good at using its power to increase competition, encourage competitors, protect new comers, and so on. And a powerful government in command of its people will do more of that.
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Re:Richest 1% on target to own two-thirds of all wealth by 2030
by gwright on Saturday April 07, 2018 @05:02PM
(#16782952)
What government "power" is required to 'encourage competitors'? If there is business opportunity the market will attract participants all by itself without any need for government intervention.
In my experience, government incentives are generally misguided and force mis-allocation of resources. That is to say the government is distorting the market to favor activity that wouldn't otherwise be attractive to a business.
Re:Richest 1% on target to own two-thirds of all wealth by 2030
by galvin on Sunday April 08, 2018 @10:31AM
(#16786220)
Net neutrality would be a good example.
Re:Richest 1% on target to own two-thirds of all wealth by 2030
by theseatoms on Sunday April 08, 2018 @01:13PM
(#16787072)
In what sense? ISPs are government-granted monopolies in the first place.
More on the issue: https://www.wired.com/2013/07/we-need-to-stop-focusing-on-ju...