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Indeed. Only time that happened was in East Germany and it didn’t work out too good.
by hughrr 5y ago
Indeed. Only time that happened was in East Germany and it didn’t work out too good.
- SkyMarshal 5y agoThat wasn't the only time.
- Bootvis 5y agoIt’s quite a bit more nuanced. I recommend reading some work by Mariana Mazzucato to get some perspective. https://www.google.com/search?q=mariana%20mazzucato https://www.google.com/search?q=mariana%20mazzucato
- cinntaile 5y agoWhich book would you recommend?
- SkyMarshal 5y agoStart with "The Value of Everything" [1], then "The Entrepreneurial State". [1]:https://news.ycombinator.com/item?id=23890312 https://news.ycombinator.com/item?id=23890312
- Bootvis 5y agoI saw her present her book “The Entrepreneurial State” and read it. It made me look at public and private R&D investments in a new way.
- hughrr 5y agoIt's really not. The cost of production was too high compared to other markets which reduced demand. Which is exactly what happens with all government projects.
- utor 5y agoInteresting! Did you have any source about East German semiconductor history?