Re:House Bill Funds CHIPS Act, Stresses R&D
by wolverine876 on Tuesday May 31, 2022 @12:33AM
(#31566132)
> We can only look at the outcome as being satisfactory to the statistics of politicians and economists - rather than the effect upon the actual families, towns, and cottage support undustries around those enterprises
Where do you think the chip industry and every other industry came from, but from resources freed up when other industries and companies failed. Look at the composition of economic output 50 and 100 years ago and now - most of that is gone and less productive than what we do now.
Certainly having government driven by lobbyists to pick the 'winners', rather than the marketplace, isn't going to help our economy. It will temporarily help the lobbyists' clients.
Where do you think the chip industry and every other industry came from, but from resources freed up when other industries and companies failed. Look at the composition of economic output 50 and 100 years ago and now - most of that is gone and less productive than what we do now.
Certainly having government driven by lobbyists to pick the 'winners', rather than the marketplace, isn't going to help our economy. It will temporarily help the lobbyists' clients.