pull down to refresh
88 sats \ 0 replies \ @galt 2 Jul \ on: Chop the Federal CHIPS Act econ
Typical market distortion and misallocation of resources, free money from the taxpayer guarantees that the money will be not optimally allocated, some private resources will be diverted to please the government at the expense of other more profitable ventures. These public-private deals typically result in a Mexican stand-off, the public sector defending its allocation of funds and the private sector pretending it spent it well while it had no reason to do so. Boeing is the perfect example of dysfunctional company perverted by easy government money, once a great company it now needs a hitman budget to deal with whistleblowers having a lot to say about the company practices