This reality of consumer societies, in which producers are being encouraged to become more productive, has of course another self-evident requirement. Redistribution burdens and regulatory burdens should be kept to a minimum. State departments on a mission entirely of their own choosing or ideologically inspired should therefore be refocused on the paramount national mission of the day namely maximizing economic and export growth in tandem.
The state shouldn't pick winning friends or businesses and hand out billions of tax money in the hope of somehow achieving more production and exports. This tends to be a non-productive, or at least a very inefficient, way of applying scarce resources. Instead, government should limit its many burdens on society to the bare necessity.
Did you like this article? Share it with your favourite social network.