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You can expect this to happen more and more as China demonstrated that innovation is indeed possible by government intervention. Another thing that was demonst
by mrtksn 5y ago
You can expect this to happen more and more as China demonstrated that innovation is indeed possible by government intervention.
Another thing that was demonstrated at exactly same time was that it is possible to have decade long stagnation in an open market. I'm talking about the state of the Web and mobile has come to in the hands of FB, Google and others in the free market with no government interventions.
The biggest sensation since many years is (China government supported) TikTok and the "free market" response to it was to try to ban it or force purchase it.
My hope is, that countries like USA and UK will re-think their understanding of fairness in a free market and once again we will have fair and innovative free business environment but at this time and stage there's evidence that governmental intervention can yield innovation in stagnated markets.
In this exact case, people at the German government are targeting a specific risk of foundational elements in tech being underfunded or overprotected.