Week 13 Questions : Myth of the Robber Barons

Image Source: https://s26162.pcdn.co/wp-content/uploads/2020/12/NBN_big-tech-robber-barons.

1. Does the story of Vanderbilt and the steamships show that government subsidies are useless?

2. If government subsidies are to be reduces, what should be done with the surpluses within the economy?

3. If competition is the true source of innovation and advancement, what are some thing the government can do, besides subsidies, to fuel this competition?