The Loser's Paradox

Economists who study government (public choice theorists) have since the 1970s been interested in the "Loser's Paradox." Can it help explain the content of our copyright and telecommunications laws?

Economists have noted that a surprising amount of government support goes to ailing sectors instead of expanding sectors. Classically, agriculture, textiles, clothing, footwear, steel and shipbuilding are the examples of industries on perpetual life support. Each has been in decline for decades, yet get more help from Government than any other. Conversely, expanding industries, like the high-tech industry, rarely if ever receive government assistance. In short, economists conclude, Government picks losers.
Read the rest here.

Posted by dustin on August 18, 2004 with category tags of

Add A Comment

Name:
URL/Email:
Comments:
 Prove you're human by typing the word hello:
   Remember me
  
   

VorgTag CloudArchives

Written by dustin
Random Photo
Random Quote
Recent Comments
Friendly Links
Popular Posts

Hey You! Subscribe to dustin's RSS feed.
Or get wider opinion in the Vorg All Author feed.

 
 

Members login here.
© Vorg Group.