Socialism Is Bad
https://www.forbes.com/sites/modeledbehavior/2017/02/12/socialism-is-bad/#5d679f1a3d79
. . . (Much skipped). . . .
Fast growing, small companies are a very important source of new job creation and innovation. More productive firms are more likely to grow, and less productive ones more likely to exist. Telling firms to stay small or be socialized is going to give small, successful companies incentive to avoid the important growth dynamics that are essential to a productive economy. To take one recent example for how costly inefficiencies like this can be, Garicano, Lelarge, and Van Reenan examine laws in France that affect only firms with 50 or more workers. They find that this creates more small firms than would otherwise be the case, and the distortions lower GDP by 3.5% by increasing unemployment and keeping productive firms below their optimal size.
>>>
(Entire article is at the link. Zim.)
Mad Poet Strikes Again.
| 
