Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips

Re:Senate passes bipartisan bill to subsidize U.S.-made semi... by snikeris on Wednesday July 27, 2022 @04:34PM (#32256508)

"The General Market's mechanisms are always operating - even when governments like to believe they've overruled it. For guns and bombs and red tape and regulations can only obstruct a consumer's quest for what he wants; they can never destroy his insatiable desire to improve his life and enjoy greater mental well-being.

The self-interest of each human being, his continual search for whatever he wants, is a natural law. Governments can make it difficult for him, but their roadblocks only cause him to seek other avenues in order to get what he wants.

As a result, the General Market will always triumph eventually whenever there's a conflict between consumer desires and government interference. And it's vitally important to understand this. For it's the reassertion of the market's sovereignty as the ruler of the world that's causing today's economic upheavals."

- Harry Browne 1974 (but just as relevant today).

[ Parent | on HN ]

Re:Senate passes bipartisan bill to subsidize U.S.-made semi... by andrekandre on Wednesday July 27, 2022 @06:22PM (#32257805)

  > The self-interest of each human being, his continual search for whatever he wants, is a natural law.

it is?

[ Parent | on HN ]

Re:Senate passes bipartisan bill to subsidize U.S.-made semi... by disintegore on Wednesday July 27, 2022 @04:57PM (#32256856)

This looks like an appeal to nature, concerning a form of conduct that could just as well be conditioned in individuals.

It also seems to place the government in direct opposition with the wants of consumers, without acknowledging at all the fact that markets are just as often made unfree by the actions of its private actors.

[ Parent | on HN ]

Re:Senate passes bipartisan bill to subsidize U.S.-made semi... by snikeris on Wednesday July 27, 2022 @05:27PM (#32257233)

> the fact that markets are just as often made unfree by the actions of its private actors.

Example please.

[ Parent | on HN ]

Re:Senate passes bipartisan bill to subsidize U.S.-made semi... by disintegore on Wednesday July 27, 2022 @06:18PM (#32257754)

There are countless examples of anticompetitive conduct going all the way back to prehistory. The legal vocabulary around it pretty extensive.

Since this is HN though maybe these will ring a bell :

* Intel's rebate program (https://www.ftc.gov/news-events/news/press-releases/2010/08/...) which ended up with a $1.2B payment to AMD

* Microsoft's notorious antitrust case (https://en.wikipedia.org/wiki/United_States_v._Microsoft_Cor....)

* AT&T abusing its monopoly status and being broken up (https://en.wikipedia.org/wiki/United_States_v._AT%26T)

Honestly this is such an obvious notion that the fact that you're asking for examples is suspect on its own.

[ Parent | on HN ]