A second point about subsidies: there will be a real tendency to try to substitute one from of hidden subsidy for another.

关于补贴的第二个问题，确实有可能出现以一种暗补形式替代另一种暗补形式的趋势。

youdao

Since a hidden subsidy is being removed, it is only natural that banks' borrowing costs should rise.

ECONOMIST: Bank regulations

They used to enjoy a hidden subsidy on big trades from the high commissions charged to small traders.

ECONOMIST: Good-bye to all that

In fact, ever since the end of the cold war, far from American industry getting a hidden subsidy from the Pentagon, civilian technology has underwritten much of America's defence effort.

ECONOMIST: INNOVATION