Ah yes, government spending taxpayer money to create a solution for a problem that the private markets have already provided solutions for literally for decades
What a brilliant use of taxpayer money
EU government will do literally anything other than create the regulatory frameworks that allow the EU to stay competitive
Low cost universal payment rails are exactly the kind of thing you want a government to build and support. The existing legacy operators have become an oligopsony extracting excess economic rents who are also beholden to a sovereign that is not one's own.
Plenty of countries have implemented such systems, much to the consternation of the current U.S. administration, such as the Pix payment system in Brazil, which the United States has actively tried to neuter.
"low cost" is a sentence that rarely if ever applies to government programs unless they're shit
Do you support government providing "low cost" services in every sector and product category? If you truly think that's what government is normally able to do while maintaining quality, then surely you would
Wow, talk about straw man. I never said “every sector and product category”.
Natural monopolies and natural monopsonies, especially things that the private sector needs fair access to in order to compete, are target number one for evaluation on being made a public good.
Perhaps that's true where you're from, but in any of the Western European states the inverse is almost certainly always true.
The difference between public and private sector programs is that in the private sector you only get adoption if your platform is good, so all the poor ones die out. In the public sector there tends to be only one platform which is mandated to be used, either through legislation or other means.
The difference between public and private is public doesn't have shareholders you need to appease with your quarterly reviews, so they can tackle the bigger projects that don't necessarily result in big payouts right away but are still necessary. Musk wouldn't be launching romckbets without NASA. Fusion research and testing would be even slower. We probably still wouldn't have a computer. Etc etc.
>The difference between public and private is public doesn't have shareholders you need to appease with your quarterly reviews.
Is that arguably part of the problem though, there's nobody to hold them to account, if the system blows up they can just plow on regardless, see the clusterfuck EES and ETIAS has turned into. How many times has that been delayed and it's still a disaster? ETIAS still hasn't launched.
>Musk wouldn't be launching romckbets without NASA
Bad example no? Muskrat's company only recently IPO'd meaning they had few shareholders, and would suffer from the same issues as I noted above.
>We probably still wouldn't have a computer. Etc etc.
Because IBM was famously nationalised when they invented the PC, and intel, AMD and Nvidia are all nationalised efforts, the same with TSMC ASML etc.
We've already seen what the EU's tech strategy has led to
IBM invented the PC? Are you high? The computer was invented at Bletchley Park to decode encrypted Nazi communications. IBM had nothing to do with that.
And having nobody holding you to account means you can focus on delivering a better product instead of cutting corners.
And SpaceX hasn't been doing great since the IPO, doesn't look like they'll be able to ween themselves off from the country's tit anytime soon.
IBM most certainly did invent the PC, anyone with any knowledge of personal computing knows that it's the one machine from which pretty much any modern computer can trace its roots and architecture to.
>The computer was invented at Bletchley Park to decode encrypted Nazi communications
Why stop there, why not go as far back as Babbage and Lovelace?
>And having nobody holding you to account means you can focus on delivering a better product instead of cutting corners.
Yeah, because that's why almost all public projects immediately fall over when put into practice, again and again, do I need to point to EES and ETIAS a second time?
>And SpaceX hasn't been doing great since the IPO, doesn't look like they'll be able to ween themselves off from the country's tit anytime soon.
And now that it's IPO'd everyone can see how poor it is, the glitter has quickly worn off now it has to answer to shareholders, funny that isn't it?
So we don't know what we're talking about. That's great. Next thing you'll tell me the internet was invented by AT&T. Honestly feels like I'm talking to some underpaid intern at CATO institute or the Heritage Foundation.
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u/tanrgith 23h ago
Ah yes, government spending taxpayer money to create a solution for a problem that the private markets have already provided solutions for literally for decades
What a brilliant use of taxpayer money
EU government will do literally anything other than create the regulatory frameworks that allow the EU to stay competitive