nostr:npub1g0tuf634rz4suczwj7kgnecr6cyt0eu9xmp3sp0fku68mqehq4msp3tvm4 Except when it comes to basic research, I’m not a fan of supply-side support by governments. It inevitably seems to lead to corruption and distortion of the market. Far better to provide appropriate demand-side grants, and let the market decide how best to allocate the money. But maybe others can challenge my prejudice?

nostr:npub10kcanyrevwyaafkmcjkh2zcaz8tg9ujc3f4xn74ef5dp5vwptjnqqmqjyy

I think there's a lot resting here on what you man by 'let the market decide'; this could push us towards targeted tax relief(s) which (as has been shown again & again) are very easy to game.... the idea of direct support is that the Govt. can (and should) direct investment towards key areas;

but Mazzacuto's original point was the Govt. should operate like #VentureCapitalists & not put all their eggs in one basket & expect/allow some failures of investments; so, here the market decides

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