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I wish my country put their weight behind a strategy. A 30 year plan or something like that.
by CraigJPerry 6y ago
I wish my country put their weight behind a strategy. A 30 year plan or something like that.
- Animats 6y agoIt's called "industrial policy". The US traditionally has avoided that. It causes huge stress on the political system because it ties industry success to lobbying power. And until recently, the US didn't need it. The UK did a lot of that in the 1950s through the 1980s, and it resulted in "lemon socialism" - the government had all the declining industries. Coal, steel, and railroads, mostly. Japan did better, with MITI telling industry what to do, and advanced the country enormously. Until the 1989 bubble collapse and real estate crash, from which Japan never fully recovered.