As to the govt doing things that the market might not find valuable at the time (because it’s not immediately profitable), this is true. However, it doesn’t mean it’s not needed, or that it won’t be needed in the future, even if it’s not profitable.
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Very well said. The Internet actually grew out of something that the government created back in the 60’s:
Government spending can actually prove to be very valuable. I would argue that the Internet could have never been done by the private sector as it was such a huge project.
Of course, when you have crony capitalists like Chimpy and sduuuude in charge of government, you get ridiculous corporate welfare programs that result in trillions in mortgage losses. Luckily for America, the philosophies of Chimpy and sduuuude have been totally discredited (through failed implementations), so we don’t have to worry about those kinds of people being elected into government again for a long time.
