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21 sats \ 2 replies \ @Satosora 6 Jul \ on: The State Does Not Create Value-Enhancing Jobs econ
This right here is why the government will fail.
"Effectively, the state steals from its citizens and gives the money to a firm with a good political standing with the hope that the firm will create jobs."
How long do you think this can actually last for?
We know many government jobs are like bloatware!
It’s hard to say how long it can go, because technology keeps making the real economy more productive, which lets it keep limping along while the state sucks the life out of it.