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Re:Tech bubbles are bursting all over the place by rhizome on Friday May 13, 2022 @04:09PM (#31372047)
This is due to tax policies reducing the revenue pool. This makes it easier to judge individual divisions of the total because there are necessarily fewer outlets, and since it's a smaller pool there's more reason to fight.

The idle rich who can't find anywhere worthwhile to play with their nearly-free money (until recently ZIRPish) are a bug in the system. Oh, but lets pretend we are captains of industry by saturating the world with sure-failures. "I wEnT tO GsB!"

And government is absolutely inefficient, which is a good thing actually. Despite the efforts of conservatives, government still has to account for many many corner cases and special needs. Ask any Agile TDD aficionado how this affects velocity.

Re:Tech bubbles are bursting all over the place by Robotbeat on Friday May 13, 2022 @04:17PM (#31372113)
I don’t think the government being inefficient is good. It gives ammo to those who are ideologically opposed to government doing things. We should strive to improve government efficiency, especially those of us who think the government should be taking on more tasks.
Re:Tech bubbles are bursting all over the place by briandear on Friday May 13, 2022 @06:21PM (#31373135)
Ideological opposition to extensive government is because government is inefficient. See the Laffer Curve. Actual demonstrated inefficiency is the proof, not the justification.
Re:Tech bubbles are bursting all over the place by Robotbeat on Saturday May 14, 2022 @11:32AM (#31378934)
You see the moral hazard of electing people to run government who have a vested interest in being proven right about government being inefficient, don’t you?

I am fine with people who are realistic about government being inefficient, but I insist that they nonetheless try their very best to improve that efficiency (fully considered efficiency, not just making life worse for government workers or people seeking government services). The problem is when you elect people who have an interest in making sure the government is inefficient because then they can use that as justification to enact their ideological goals of cutting government services.

Re:Tech bubbles are bursting all over the place by rhizome on Saturday May 14, 2022 @01:56AM (#31375422)
Laffer Curve, really? The inefficiency is neither proof nor justification, it's a side-effect of fairness.
Re:Tech bubbles are bursting all over the place by Robotbeat on Saturday May 14, 2022 @11:29AM (#31378897)
It’s not. For a constant level of fairness, there’s a wide array of efficiency.
Re:Tech bubbles are bursting all over the place by wing-_-nuts on Monday May 16, 2022 @10:24AM (#31397737)
What relevance does a economic theory about taxation and gdp growth have here?
Re:Tech bubbles are bursting all over the place by xhevahir on Friday May 13, 2022 @06:33PM (#31373214)
I'm guessing the inefficiency-is-good formulation was chosen for rhetorical effect rather than because OP believes inefficiency is good in itself.
Re:Tech bubbles are bursting all over the place by rhizome on Saturday May 14, 2022 @01:52AM (#31375414)
Sure yeah, but to be sure, inefficiency is a side effect of the complexity.