During the Industrial Revolution, the government started picking and choosing which forms of energy it wanted to succeed and fail in the form of environmental regulations, this trend of pretending a problem exists and then pretending to fix it through regulating what type of coal businesses could burn, for one example. Naturally, seeing that this could be used to promote monopolies, other stats began following suit. Even today, the government still creates further regulation on power companies in an effort to prop up the 'clean energy' industry.
The only reason the Chinese can buy companies in the first place is because the US government chooses to make it difficult for businesses to operate in the US. Monopolies don't help the economy, this is one of many reasons that the government has a negative impact on the economy through ANY actions whatsoever. The government is only needed for monopolies to form, and this is inherently negative. As I said, the government does not prevent monopolies, it promotes them.
It's not necessary, it only prevents competition. Patents are one of the ways that monopolies are promoted, which is inherently bad. Without patents, businesses are left at the mercy of their consumers, forcing them to continue innovating, providing better service, and in general having to perform better than their competition. This is all thrown out the window with patents.
No, government does not make it possible to form a business, their regulations make the cost of starting a business astronomical. A business has to hire someone to go through the 6000 pages of regulations to find the ones they have to adhere to, then they have to pay for employee insurance, they need a liscense, and they need to accomodate said regulations, followed by paying 60% of their earnings to the government, WHILE also making sure that their product wasn't already patented by some big corporation. These things a pre-established business can accomodate, however it makes starting a NEW business nearly impossible. The government is not required for a new business to form, they only make association with them required in THIS Nation. One would otherwise only need to fulfill a demand. On the topic of the government bailing out a business by throwing money at them which they stole from other businesses and individuals, I want to point out that this is one of many reasons I want the government out. This is not capitalism, it Corporatism, which is one of the methods that the government uses to promote monopolies. For example, EA Games, Twitter, and Facebook are all subsidized for millions of dollars, as are several 'green energy' companies which otherwise cannot compete.
Simply disagreeing with who someone should hire doesn't make them racist, it means you think they should hire who YOU think is more qualified, OR in the case of affirmative action, who the government believes is more qualified based on information they don't have, and experience they don't have, since they never met the individual they are forcing a business to hire based on their skin color. Beyond this, I already detailed above and in my previous post as to how regulations affect un-established businesses more than pre-established businesses. One only needs to note that a business which is established has more money, and would therefor have less money after the government steals 60% of their earnings.
I already detailed how the process regulations force businesses to go through in order to get their product on the market, and patents, cause prices to rise. What YOU'RE noting is not the advance in technology, it's the result of creating psuedo-monopolies and the government's inherent inability to properly calculate the prices and demand of comodities, the "Economic Calculation Problem". As I mentioned earlier, the process and the patents result in a monopoly on this specific product, resulting in competitors being disallowed from selling said product at a lower price or higher quality. One only needs to ask themselves whether or not they would buy the more expensive of two products which are exactly the same to realize the problem with government involvement in the market.