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by Retric
215 days ago
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Economic incentives never point in just one direction. There’s always tradeoffs around time horizons, risks, etc which is where individual people’s decisions come into play. Should we subsidize industry X is rarely a question decided on economic merits alone. And so it goes with individual interests shaping the entire global economy in surprisingly profound ways. Extreme ultraviolet lithography for example shapes industries, but has a history steeped in various public/private partnerships and global politics. |
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