justchilly
Joined 9 years ago
Joined 9 years ago
Any data to back this up? It's generally accepted that subsidies are effective in many cases (see corona virus stimulus packages).
This Foxconn deal was poorly thought out and horribly mismanaged, but it doesn't sound like Foxconn lined their pockets with taxpayer money. The subsidies encouraged them to take a chance, and it didn't work out - spectacularly.
Clearly FB is planning to extract value from this, and is why they can price this at just $299. They're betting customers will give up some data/privacy for that low price.
https://www.theatlantic.com/ideas/archive/2019/09/americas-t...
Not worrying about the nominal cost of corruption is not the whole reason the west was successful. There are countless of arguments from both sides of the aisle that would show that to be untrue (capitalism, democracy, reward for innovation, acceptance of immigrants, pillaging land/resources, exploiting slaves, etc). The US has always had plenty of corruption so arguing that a lack of it is what made the west successful is difficult to justify.
> Eventually, you end up like a third world country where you expect to pay a bribe or know someone to get anything done.
There are laws today that prohibit bribery of police officers and they are enforced. Not sure this slippery slope type of argument holds water in the face of that.