3 ms·
The EU subsidized Airbus for decades to enable it to compete with Boeing. China does the same with many of their industries. Japan and Korea did the same before
by jeffreyrogers 6y ago
The EU subsidized Airbus for decades to enable it to compete with Boeing. China does the same with many of their industries. Japan and Korea did the same before them. Every country has an interest in having strong industry.
- deleted 6y ago[deleted]
- akira2501 6y ago> Every country has an interest in having strong industry. And if you don't already have one and have to incentivize someone to take on that challenge, that makes sense. If you already have _several_ manufacturers, the last thing you should do is allow them to consolidate down into a single monopoly. The US has played it's hand exceptionally poorly.
- jeffreyrogers 6y agoYes, the US's industrial policy over the past several decades has been a disaster that squandered most of the benefits we accrued from being the only major country that didn't have to rebuild after WWII.
- deleted 6y ago[deleted]