Comment by janalsncm
2 days ago
Businesses and governments spend money as well.
For example, the US government is pretty interested in having really good weapons. So the market responds by developing weapons for the government.
2 days ago
Businesses and governments spend money as well.
For example, the US government is pretty interested in having really good weapons. So the market responds by developing weapons for the government.
These people, who make purchasing decisons, also make them on behalf of someone's preferences, mixed with their own, to the extent they have a say. Like the market, government represents certain weighted subset of people. With the market, the people in the government are under influence just as much as anybody else. You can't really say that preferences flow a certain way, from government to business.