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0 sats \ 2 replies \ @Solomonsatoshi 4h \ parent \ on: Artificial Intelligence Needs Electricity, and Electricity Needs Freedom AI
The government can be a negative force and it can be a positive force as my argument above details.
You have not responded to the points I have raised regarding where governments can have huge effects on markets where they act or fail to act.
Good government certainly does not keep total control over its people- good government works with its people and markets to maximise their wealth and security....as I have pointed out above that sometimes involves participating in strategic markets...
You have failed to respond to the examples and points I have raised showing where government involvement is essential and government lack of involvement is pure negligence.
You must've misread that. I already answered everything, just used less words. The government should regulate and let the private sector handle the rest. The government is the main reason stuff is so inefficient with money.
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You have not read and understood let alone responded to the points I raise.
Here it is again for you-
For example- rare earths- Chinas government has directed capital investment into making China the dominant refiner of rare earths because they represent a raw material that is of huge strategic importance.
Private enterprise in the west has been and is unable to compete on price with the Chinese state sponsors rare earths supply chains.
Now belatedly western governments are directing capital toward the mining and refining of rare earths so that China cannot hold the west to ransom- but it will take years, perhaps decades with huge government subsidies to come anywhere near the west having its own rare earths supply chains.
This is but one example of the many where government involvement in supply chains and infrastructure is essential to supporting the competitive advantage of economies....pure free markets simply cannot achieve the required results...instead they will leave you vulnerable as has happened with rare earths.
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