Insulin was discovered by four Canadians, who famously sold the patent for $1 each to the University of Toronto—enabling the public manufacture of the new miracle drug for people with diabetes. That was in 1921, and for 65 years insulin was produced in Canada at a publicly owned laboratory—Connaught Laboratories—and distributed across the country at…
What if we only funded infrastructure with debt, instead of consumption. Then we wont run into a scenario where we need to start selling assets to pay our creditors. Kind of like Keynes suggested long ago.
What if we only funded infrastructure with debt, instead of consumption. Then we wont run into a scenario where we need to start selling assets to pay our creditors. Kind of like Keynes suggested long ago.
This isn’t a case where it needed to be sold, it was just short-term selfish thinking.
However you are perhaps correct that for a systemic problem, a systemic solution is needed not some cheap workaround as with what I was suggesting.