Yea this is very interesting. I suspect another side to this though is I don't know that one country can easily or safely not participate in this chosen industr

Yea this is very interesting. I suspect another side to this though is I don't know that one country can easily or safely not participate in this chosen industry support. Especially in capital intensive industries, say cars, all of the competing countries are propping up or bailing out their auto industries. So even if companies should theoretically die and get replaced, there is a structural disadvantage as the competition in other countries has an insurance policy against companies failing (bailout / subsidy / tariffs / strategic protection / etc).