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> Nationalism and subsidies does not make a sustainable business. This is not true. Airbus is an early example, and of course we can't forget to mention Huawei
by relativ575 5y ago
> Nationalism and subsidies does not make a sustainable business.
This is not true. Airbus is an early example, and of course we can't forget to mention Huawei, Baidu or Alibaba.
I'd say defense industry as well, but since their customers are governments one may argue that their revenue would dry up when military spending is down
- hakfoo 5y agoNationalism/subsidies/protectionism are a valid way to nurture a startup. But you can definitely grow to a point where that's no longer necessary. That's why people got so terrified of Huawei: it wasn't that they were subsisting only on forced 'buy-domestic' orders from China, it was that they were able to produce products that were competitive enough for overseas customers to willingly buy them.