subsidies

The world economy is under tension. For years now, globalization has been faltering, moving sideways at best. Recent developments have caused additional distortions. There is now a strong desire for independence. In many places, subsidies are supposed to pave the way for this. In some areas, a veritable competition has broken out in this regard. Even if this is understandable from a political point of view, from an economic perspective the disadvantages of such a competition outweigh the benefits.