Uncovering the Unintended Consequences of Russian Nanotech Subsidies

Uncovering the Unintended Consequences of Russian Nanotech Subsidies

A core insight of classical liberal thought is how top-down control often produces unintended consequences in complex systems. Innovation flourishes when individuals have the freedom to develop new solutions, backed by secure property rights and a reliable legal system. When policymakers replace these incentives with artificial mandates, attempting to direct the market toward specific outcomes, the results are often inefficient and counterproduc…