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Home > Forums > The Open Forum
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Your concern for interference in the free market is not unfounded, but, there are situations

Author: TyroneIrish (20411 Posts - Joined: Oct 8, 2020)
Posted at 1:28 am on Sep 25, 2022
View All

that make subsidies beneficial to the national interest...in this case the issue is the need for a rapid shift away from burning fossil fuels...and from preserving them.

I've attached a link on this issue from 'Investopedia', and here is an excerpt of the key points...
-------------------------
KEY TAKEAWAYS
>Subsidies are payments, tax breaks, or other forms of economic support given by governments to certain industries or economic sectors.
>The goal of subsidies is to aid or support what are deemed to be key parts of the economy or national infrastructure.
>While subsidies may have a direct positive impact on the particular industry or companies involved, economists argue that subsidies work against free trade and create market inefficiencies.
------------------------
Given the global acceptance of Climate Change as a threat to all nations, it is deemed essential that we shift our energy strategy...and attendant infrastructure away from fossil fuels...and waiting for a widely disparate market to coalesce around a common solution is IMO foolhardy...therefore, if falls upon government to provide the necessary 'incentives' that will more quickly effect those changes...simple as that...it's URGENT...whether you like it or not, 193+ nations agree.


Link: https://www.investopedia.com/ask/answers/060215/how-do-government-subsidies-help-industry.asp

Replies to: "Your concern for interference in the free market is not unfounded, but, there are situations"

  • Electric cars have between 5k and 10k fewer parts than non-electric counterparts, so why so much? - LanceManion - 12:51pm 9/24/22 (11) [View All]
    • Subsidies are "Incentives" for moving the country in a certain direction...just like FF subsidies... - TyroneIrish - 2:45pm 9/24/22
      • Yes, moving in a crony capitalism direction! Playing subsidies, either corporate's or government's - Eli - 12:51am 9/25/22
        • Your concern for interference in the free market is not unfounded, but, there are situations [LINK] - TyroneIrish - 1:28am 9/25/22
      • Yes, but like “subsidies” in the form of student loans, they just increase price. - LanceManion - 2:50pm 9/24/22
        • Occasionally, "Time is of the Essence"...here's an example from the attached article... [LINK] - TyroneIrish - 11:52pm 9/24/22
      • no subsidies for anyone or anything [NT] - WestCoastIrishFan - 2:46pm 9/24/22
        • "Subsidies" take many forms...(see link)...do you still object to them?...e.g. Agriculture [LINK] - TyroneIrish - 3:37pm 9/24/22
          • Agriculture subsidues hah, how's that working out for legacy family owned farms? [NT] - JarHead4ND - 5:42am 9/25/22
            • "Technology"..."Globalization"...and "Trade Wars"...that's what has driven Legacy farmers to near [LINK] - TyroneIrish - 12:27pm 9/25/22
          • yes [NT] - WestCoastIrishFan - 3:45pm 9/24/22
    • govt should never get in the way of marketplace dynamics. [NT] - WestCoastIrishFan - 12:57pm 9/24/22
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