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0 sats \ 3 replies \ @CliffBadger 6 Nov \ parent \ on: Econ October Recap econ
A person can only specialize in one industry. The expert at navigating communist bureaucracy does not understand nuclear power. You add no value to the process by adding the step of requiring the government's approval. It's not about whether they approve the project or not. The problem is that the experts on violence and theft own the electric grid instead of engineers.
In China the government literally owns many of the power generators building them and supplying the electricity at the lowest possible cost knowing that the free market of manufacturers and processors will utilise the electricity and produce wealth and competitively priced exports.
It is a case of the government enabling its industry to be the most competitive in the world.
Chinese manufacturers enjoy electricity supply at less than half the cost western manufacturers pay.
All due to proactive Chinese economic management and understanding of the crucial enabling role government can play in the wealth of nations.
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If I raid your house at gunpoint and claim to own the kitchen, and I make you cook free dinner for me, the quality of the dinner is besides the point.
And when you say "enabling" all that means is allowing other people to work instead of harassing them with regulations and death camps. The government itself did nothing to manage the electrical grid. They don't know how. All the actual work is done in the private sector and the government's only tool is murderous threats.
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You do not understand how a mixed economy works.
Neither does America anymore, and that's why you are losing your wealth and hegemony.
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