Re:MI officials fast-track bridge fix after man says it 'col...
by thaumasiotes on Thursday May 19, 2022 @05:29PM
(#31440411)
> “This is a capitalist country. The government does not make baby formula, nor should it. Companies make baby formula.”
Singapore would disagree that government manufacture of baby formula represents socialism. The government can do what it wants without impairing the market. Where socialism comes in is when the government intervenes to protect its baby formula industry, by barring competitors from participating in the market or by subsidizing its own formula manufacture with tax revenues.
Singapore would disagree that government manufacture of baby formula represents socialism. The government can do what it wants without impairing the market. Where socialism comes in is when the government intervenes to protect its baby formula industry, by barring competitors from participating in the market or by subsidizing its own formula manufacture with tax revenues.