Wednesday, January 30, 2008
It is good to have friends in the right places. Most countries give certain businesses a favored status, whether or not it helps the businesses in the long run. There is a question whether governments should interfere with the economy in this way, but they do and they aren't likely to change. Try to take a subsidy from a farmer. The net result, unfortunately, is that some sectors of the economy become dependent on government help and feel unable to continue without it. From an economic and PR perspective, that is not a good result. It is hard to justify that "the government owes me a living."