If there is demand for lemonade and there are no sellers doesn't it m ake sense for the town to provide some incentives to start lemonade stands?
I referred to free markets and NOT capitalism. Free markets are compatible with both capitalism and socialism. Ricardian socialists believed free markets to be the way to achieve socialism. The father of neoclassical economics, Leon Walrus believed that free competetion could only be realised under state ownership of natural resources and land (see wikipedia).
What would be your solution to the issue? Ban states from offering incentives for the businesses to move into their states? Aren't nyou playing God by so doing?
It would be corporate welfare if the state had to subsidize the employer by offering welfare to their employees because they are paid so low, as is the case in many "service" industries today.
The problem is, many industries in the US look at employees as costs rather than assets. As we all know, things were not always like this, and employee loyalty was valued until the wall street became the arbiters of what is an asset and what is a cost.
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