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The Hidden Cost of Money with Sebastian Bunney (WiM472)
The "What is Money?" Show
Impact of Monetary and Government Intervention on Businesses and Society
Monetary and government interventions disrupt the natural selection process, leading to the rise of 'zombie companies' that impede innovation. Subsidies and bailouts during crises like the pandemic can decimate small businesses by incentivizing individuals to opt for subsidies instead of working. This dynamic results in small businesses struggling to find employees, leading to closures and industry consolidation. Moreover, government interventions create byproducts, prompting increased regulations, which in turn foster a growth in non-productive administrative roles over essential roles, such as teachers and workers. This regulatory burden contributes to higher costs in sectors like healthcare. Overall, such interventions have far-reaching consequences on businesses and society, often leading to unintended negative outcomes and a shift towards centralization and monopolization.
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