3 ms·
There's a difference between the government paying for or subsidizing a needed service and the government bailing out a specific company after that company has
by Symmetry 6y ago
There's a difference between the government paying for or subsidizing a needed service and the government bailing out a specific company after that company has failed to compete in the market. Successful industrial policy, like the sort South Korea practiced, requires backing the winners not rescuing the losers.