Subsidies in the west - vote banking schemes indistinguishable from welfare payments In Asia - create a wealth producing industry that can put money in the pocket of the sponsor "The latter is corrupt" says the man conditioned to see cash payments as the only form of corruption https://t.co/RfrjWFiiHF
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The latter is better seen as "aligned incentives" but progressives hate the idea of being paid for doing something useful because it stokes their envy.
2:01 PM - 25 May 2021
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