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Why should it be propaganda? Your claim that all countries got rich via aggressive industrial policy doesn't make sense to me. What was this policy in the US?
by macco 4y ago
Why should it be propaganda?
Your claim that all countries got rich via aggressive industrial policy doesn't make sense to me.
What was this policy in the US? What was this policy in Western Germany after WW II?
Their main strategy was to allow creative destruction, through strong institutions. The most important probably the rule of law.
- cma 4y agoSounds like the US used the loose IP protection model we complain about with China: https://www.wikipedia.org/wiki/Samuel_Slater https://www.wikipedia.org/wiki/Samuel_Slater > Samuel Slater (June 9, 1768 – April 21, 1835) was an early English-American industrialist known as the "Father of the American Industrial Revolution" (a phrase coined by Andrew Jackson) and the "Father of the American Factory System". In the UK, he was called "Slater the Traitor"[2] and "Sam the Slate" because he brought British textile technology to the United States, modifying it for American use. He stole the textile factory machinery designs as an apprentice to a pioneer in the British industry before migrating to the United States at the age of 21.
- sudosysgen 4y agoThe US in the early 19th century was already a rich country. In fact, the US was a rich country from before it was even a country. West Germany after WW2 did have strong industrial policy, and up to now it's one of the European states with the strongest industrial policies.
- rayiner 4y ago> What was this policy in the US? See: https://en.wikipedia.org/wiki/American_System_(economic_plan) https://en.wikipedia.org/wiki/American_System_(economic_plan...