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by kube-system
1691 days ago
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Different markets have different dynamics, and therefore will react to economic interventions in different ways. Furthermore, the resulting effects of those interventions will have different impacts on consumers, depending on what the thing is. Any policy that is enacted will have multiple effects, and the determining factor in whether a policy will succeed or fail is whether those effects are acceptable. For example, many EU countries have decided to enact policies that knowingly lead to high prices for motor vehicle petroleum, but this was decided to be acceptable because alternatives like public transportation exist, and are in many cases, preferable. Energy used to heat someone’s home is different in impact. Venezuela’s economic issues are not a result of subsidies of petroleum for domestic use. > Why not subsidise fuel if doing such things has such a successful history in the United States? We do. |
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