Quote:
Originally posted by Porsche-O-Phile
I always was taught that one of the roles of government was to fund certain things that WOULDN'T be profitable but are still in the best interest of society. . . Presumably until such time as the markets could adapt and support them without government intervention or subsidy. . .
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I would posit that there isn't anything "that WOULDN'T be profitable but are still in the best interest of society. . . " that should be done without a marketability factor. In other words, if there isn't a market for a "thing" or "service" then that "thing" or "service" shouldn't be done at all. To do otherwise implies that there is a "intellectual elite" that knows better than the market what is good for us, and uses government violence to get that, whatever it may be, that they've determined we need.
It's a crackpot idea, a leftover from the days of progressives and sociofascists of the 1900-1950 era.
It's well beyond time to get rid of it as a viable concept, it never was, and never will be.