Raise the floor too high and suddenly nobody needs to sign up to be a murderer for hire to go to college. Suddenly people who actually know how the sector functions can create their own firms. Suddenly the idea of an industry being to big to fail and getting a bailout every decade isn’t as necessary. Suddenly your carefully protected tax shields aren’t quite so effective.
Any extreme is bad, that’s true. But there’s a lot of room in between current affairs and the situation you’re describing. Many of the happiest, healthiest nations on Earth (prime example being Nordic nations) have a model featuring government intervention in the economy and strong social nets while still being capitalist.
Raise the floor too high and suddenly nobody needs to sign up to be a murderer for hire to go to college. Suddenly people who actually know how the sector functions can create their own firms. Suddenly the idea of an industry being to big to fail and getting a bailout every decade isn’t as necessary. Suddenly your carefully protected tax shields aren’t quite so effective.
Any extreme is bad, that’s true. But there’s a lot of room in between current affairs and the situation you’re describing. Many of the happiest, healthiest nations on Earth (prime example being Nordic nations) have a model featuring government intervention in the economy and strong social nets while still being capitalist.