I have not only referred to history, but have pointed to history to support my reasoning - and history does provide that support. Ignore history at your peril. I note your ongoing inability to respond to any of my challenges for supporting evidence of your views.
Get any Econ 101 textbook if you want to read about deadweight loss.
If you’re just going to pretend that I didn’t give my reasons, why should I continue talking to you?
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What reasons have you given that have not been refuted? In referring to deadweight loss you confirm you have not understood the argument that any economy must assert its will in competition with other competing economies/nation states and that the ultimate expression of that struggle is war- while all the sub war levels of that assertion rely heavily upon the nation state and its ability to marshall resources to assert its will.
War and its more subtle derivatives which always continue during peaceful' eras rather sidelines the usual logic of market forces.
How exactly you minimise the wastage due to 'deadweight' loss in this context is closely linked to the quality of government you have. I have compared the relevant governments- the USAs one where rentseeking corporates own the government vs the Chinese government where it is composed of a politburo over 80% of whom are trained engineers.
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Good night
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