Avatar
Tennessee_Tech
6 hours ago
So let's make this simple for people..
1) You make stuff or provide a service that people want, can pay for, and within your reach of delivery.
2) You charge them for the price that they are willing to pay and you are willing to accept.
This has nothing to do with your failures or the cost to develop something, only the value of the transaction to them.
Consequences of this reality..
1) You provide a product or service that people don't want or aren't willing to pay what it costs you to provide and you go out of business. e.g. Blockbuster
2) You make enough mistakes / failures on products, services, etc.. and you aren't in business any longer.
So let's talk about when we start making exceptions.. And the implications..
S1) We need drugs, semiconductors, cars, steel, etc.. produced here so we aren't dependent on China, India, etc..
R1) We do need certain things securely and properly produced in country, even regionally. So reduction of regulation, market driven wages / benefits, etcetera are how you encourage (not make) that happen.
Government intervention / regulation / subsidies are "soft" fascism..
https://www.econlib.org/lib...
Where socialism sought totalitarian control of a society’s economic processes through direct state operation of the means of production, fascism sought that control indirectly, through domination of nominally private owners. Where socialism nationalized property explicitly, fascism did so implicitly, by requiring owners to use their property in the “national interest”—that is, as the autocratic authority conceived it. (Nevertheless, a few industries were operated by the state.) Where socialism abolished all market relations outright, fascism left the appearance of market relations while planning all economic activities. Where socialism abolished money and prices, fascism controlled the monetary system and set all prices and wages politically. In doing all this, fascism denatured the marketplace. Entrepreneurship was abolished. State ministries, rather than consumers, determined what was produced and under what conditions
