The Seen and the Unseen - hosted by Amit Varma cover image

Ep 321: Josh Felman Tries to Make Sense of the World

The Seen and the Unseen - hosted by Amit Varma

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Is There a Winner or Loser in a Policy Change?

When there's a policy change, there are winners and losers. And the question that you always need to ask is who's deciding this and how? The huge advantage of leaving things to the market, as is done in the U.S., is that you just let people vote with their money. If they prefer bakery A versus bakery B, well, that's just the way of the world too bad for bakery B should have improved your products. That's just the logic of the market where you accept the vote to the people. Right? Once you interpose the state in this decision, often, as in France, and France, the state is very extensively involved,. Things become very,

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