>66% of 500 biz execs believed their company was dependent on government-granted special privileges. The more they believed that, the more likely they were to “believe in free markets” and also to believe that “governments should favor specific firms.” https://www.mercatus.org/system/files/mitchell-culture-favoritism-mercatus-special-study-v1.pdf …
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More and more of GDP is tied up in industries dependent on government favoritism. Their execs are less likely to think innovation and benefiting customers are important to success. Has anyone quantified how much of the economic Great Stagnation is due to this?pic.twitter.com/C8WDse0odL
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