By Frank Shostak
"Technical knowledge is meaningless without capital development, and capital development is impossible without real savings."
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24 sats \ 3 replies \ @Satosora 25 Sep
"Consequently, it is further argued that new ideas for more efficient processes and new products can make continuous economic growth possible."
This sounds right.
But somehow...inefficient companies that are funded by the government always seem to hang on.
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20 sats \ 2 replies \ @Undisciplined OP 25 Sep
They sure do, and they’re a major drag on economic growth.
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30 sats \ 1 reply \ @Satosora 25 Sep
Some of the companies subsidized by the government need to be cut off.
Like ethanol.
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0 sats \ 0 replies \ @Undisciplined OP 25 Sep
Ultimately, they should all be cut off, but ethanol is particularly bad.
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