hamsi on Nostr: States should be far more cognizant of what they spend money on. There's this ...
States should be far more cognizant of what they spend money on. There's this misconception that the cost of any government program is split between taxpayers and inflation alone without any effect on the private sector, but that couldn't be further from the truth.
Everyone who is employed directly or indirectly by government spending is not employed by the private sector.
The US has a massive military industrial complex which employs most of the best engineers that grow there. You can not participate in any robotics or engineering extracurricular program that isn't sponsored and plastered with MIC companies all over it. So much of the engineering talent is sucked up by the military contractors, that the private sector can not compete with the rest of the world.
It's not a coincidence that the US, between 3 massive auto conglomerates can't make a car that lasts over 200k miles while Germany and Japan, who were both forcibly demilitarized post WW2, have the most over-engineered and reliable cars in the world.
This applies to all fields. Despite having the greatest nuclear scientists that invented the atom bomb and built the 2 greatest nuclear arsenals, both Russia and the US are very far behind in nuclear energy and both suffered terrible meltdowns, and are outclassed in that regard by France.
Everyone who is employed directly or indirectly by government spending is not employed by the private sector.
The US has a massive military industrial complex which employs most of the best engineers that grow there. You can not participate in any robotics or engineering extracurricular program that isn't sponsored and plastered with MIC companies all over it. So much of the engineering talent is sucked up by the military contractors, that the private sector can not compete with the rest of the world.
It's not a coincidence that the US, between 3 massive auto conglomerates can't make a car that lasts over 200k miles while Germany and Japan, who were both forcibly demilitarized post WW2, have the most over-engineered and reliable cars in the world.
This applies to all fields. Despite having the greatest nuclear scientists that invented the atom bomb and built the 2 greatest nuclear arsenals, both Russia and the US are very far behind in nuclear energy and both suffered terrible meltdowns, and are outclassed in that regard by France.