SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?


To: geode00 who wrote (145994)11/6/2008 3:23:21 PM
From: TimF  Read Replies (1) | Respond to of 173976
 
Part of supporting manufacturers is so that they survive and continue to produce.

Bad idea. If you keep companies alive that don't have the support of the market you directly waste resouces that could better be used elsewhere and indirectly create incentives to focus on rent seeking rather than profitable investment and production.

Those who push around pieces of paper in secret markets don't create wealth

Finance helps match capital up with the need for capital. Without it "those who make things or service things that other people find valuable" have less ability to do so.

Or looked at another way this matching function itself is a service that people find useful.