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To: arrogantsob

Right — the producers don’t have to update because the government protects them with artificial favors.

(This is called rent-seeking.)

Because of they — and the country — fall behind, losing sales and production to others. Lost sales and production mean lower purchasing power, a lower standard of living, and fewer jobs.

You’e not going to get the GDP up by protecting obsolete technologies and means of production.


80 posted on 10/16/2017 1:27:39 PM PDT by TBP (Progressives lack compassion and tolerance. Their self-aggrandizement is all that matters.)
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To: TBP

These people are ready to throw themselves into the flames because they see the World Economy as a Zero Sum Game.


109 posted on 10/16/2017 2:14:29 PM PDT by arrogantsob (Check out "Chaos and Mayhem" at Amazon.com)
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