Why would an industry dying be a problem?
Why would you "regulate" to keep it alive? (which means keep it alive with our money)
Who decides which industry should be kept alive and which should die? Let me guess, you do.
Why would you "regulate" to keep it alive? (which means keep it alive with our money)
Who decides which industry should be kept alive and which should die? Let me guess, you do.
Sometimes that's better than letting "the market" decide.
IMHO, it's a mistake to think of the market as some kind of best-decision making machine that should be left to run unattended. It's a effective, but buggy program with a lot of WONTFIX bugs that need to be mitigated through other means.
Close. It's decided democratically, via elections of representatives who in turn vote on such issues. This system has it own problems, of course.