Politics

Out of context: Reply #19399

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    The US gov really shouldn't play the role of venture capitalists.

    The Smart Manufacturing Leadership Coalition in Los Angeles will receive $70 million from the federal government to establish the ninth of 15 "manufacturing hubs" that President Barack Obama wants set up across the country.

    http://www.msn.com/en-us/money/c…

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    • The US gov has always played the role of venture capitalists i.e. Big Oil, Agriculture, Pharma, Wall Street, Energy, Farming, Auto, Chemical, Manufacturing, etcutopian
    • It's called Corporatism!
      https://en.wikipedia…
      Welfare for the Wealthy      utopian
    • Yes and it shouldn't be that way. The problem is there is always one group preaching the benefits of such corporatism wether railroads, healthcare, etc..
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    • And people decide to choose hypocrisy if the corporatism fits into their world views.
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    • Not always a bad thing, read up on the history of Silicon Valley for instance. The only reason we have a lot of the technology that exists today is because ofyuekit
    • state funding.
      http://www.motherjon…      yuekit
    • China State Owned Enterprises =
      US Corporate Welfare & Subsidies      utopian
    • military tech makes sense, but the rest for "job creation" isn't necessary and only serves to the wealthy. for all they spend it seems like a small return
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