Message Font: Serif | Sans-Serif
No. of Recommendations: 5
OK, telegraph, we see that you are not a fan of government intervention in the market. There are many, many instances where government intervention has been disastrous. The one that comes to mind is Urban Renewal. It did more to destroy our cities than anything I can think of. So I am not a big fan of it either.

The problem with the market is that it is so short-sighted, especially these days. I do think government has a role in promoting new industries. Certainly almost every developed nation does so. I think that tax money spent to help emerging technology is a good idea.

One example of this is DARPA. Their investment in ARPAnet resulted in our being able to communicate on the Internet. There are many other instances where government investment in technology has paid off. By its nature, investment in new technology companies has high risk. I think that overall the risk is worth the reward. It a better use of my tax dollars than much of what our government spends. My favorite is still the Bridge to Nowhere, but there are too many others to count.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.