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by nickpp
1369 days ago
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55" 4K TVs used to be very expensive as well. Now they are so cheap and thin and good I hug one in my basement just for the occasional workout video streamed from YouTube. Technological progress is the secret to price reduction. No government interaction required or even wanted, it's usually much more likely to create problems... |
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That's generally true, but there are exceptions. Solar panels are very cheap now because of decades of government subsidies. Battery electric vehicles are still more expensive than their regular counterparts, but certainly one day they'll be cheaper (they have many more fewer moving parts). But would they have caught on without government subsidies?