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It's a valid point. Less so specifically to China, and more so generally to all countries with national champions (e.g. South Korea). In some sense, it's a zer
by ethbr0 5y ago
It's a valid point. Less so specifically to China, and more so generally to all countries with national champions (e.g. South Korea).
In some sense, it's a zero sum game, where if your country don't scale or allow companies to scale, they find the next most favorable country. Or another country's companies succeed because of the additional support provided.
But subsidies and government support have always been the biggest fracas in international economic politics for centuries for the same reason.
To which I'd reiterate
not_exactly__'s point: although business-harmful actions look like shooting yourself in the foot, hampering competition and supporting companies for extraneous reasons ultimately makes your economy and your companies less competitive globally.
- davedx 5y agoHow is it a zero sum game?
- ethbr0 5y agoEdited my post to clarify the language a bit.
- calvinmorrison 5y agoSort of, protonmail or fastmail could get 20 million customers and gmail would be juuust fine.
- ethbr0 5y agoBut would the NSA and FBI? (Limiting for purposes of discussion to legal, specific subpoenas) General point being that the US government will tend to avoid doing things that are bad for the US government.