Post
Topic
Board Bitcoin Discussion
Re: Protests in Spain: A BitCoin promotion opportunity. (10 BTC bounty)
by
hazek
on 25/05/2011, 20:23:32 UTC
So-

Subsidize healthcare -> more healthcare
Subsidize education -> more education
Subsidize infrastructure -> more infrastructure
Subsidize purchasing power -> more purchasing power.

Yes, you're right, I think it's a great idea!

I didn't read your whole post and this will be my last reply because I know I wont change your beliefs and values that you have learned throughout your life from people you trusted, I mean who the hell am I, some geek on the internetz, you'd be stupid if you did let me affect you.

But I did want to address this common mistake that you made in the quoted part of your response:

Subsidize healthcare -> more healthcare != better healthcare
Subsidize education -> more education != better education
Subsidize infrastructure -> more infrastructure != better infrastructure
Subsidize purchasing power -> more purchasing power. != better ect.

Sure you'll have government sponsored services, and you might even have more of them. But these services will be exempt from the profit and loss equations that other business have to figure out if they want to operate effectively and stay afloat and they will be exempt from competition which always, and this is a historic fact, always leads to inefficiency. And guess what happens when you run a service, which doesn't know how to figure out if it's effective and has a fatal flaw that will lead to inefficiency at the same time...


But like I said I know I wont change your mind. The best I can hope for is that you hopefully still have an open mind, direct you to this video: John A. Allison(BB&T CEO) "Leadership and Values"

And then hopefully you'll head over to www.mises.org and at least try to research their take on common social and economical problems, if nothing but to hear the other sides arguments.

Having said that, I'm out.