> This is very reasonable. Your country does NOT need a new Google or Tencent. Because they already exist. The only way India can develop its own companies is by creating an artificial scarcity thru regulation. I see quite often asked Why does Europe not have tech giants? The easy answer is that they already exist and there is no way that small start-ups can fight them.
Well, perhaps in the short term, yes, it does create artificial scarcity through regulation. However, if those barriers don't remain in place forever, you can have created a real competitor in those markets.
I find this argument somewhat like saying, without trying any sort of emotional appeal, only to create an analogy, that you shouldn't waste time protecting a baby or make any sacrifices for it. The baby doesn't do anything that adults can't (they already exist), and it simply diverts resources from the adults (dealing with temporary artificial scarcity). All true enough, if you don't concern yourself with the future.
Well, perhaps in the short term, yes, it does create artificial scarcity through regulation. However, if those barriers don't remain in place forever, you can have created a real competitor in those markets.
I find this argument somewhat like saying, without trying any sort of emotional appeal, only to create an analogy, that you shouldn't waste time protecting a baby or make any sacrifices for it. The baby doesn't do anything that adults can't (they already exist), and it simply diverts resources from the adults (dealing with temporary artificial scarcity). All true enough, if you don't concern yourself with the future.