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That's an interesting thesis - but, for example, Greece with its "let's piss money away without control for anything and everything" somehow hasn't become an in
by izacus 4y ago
That's an interesting thesis - but, for example, Greece with its "let's piss money away without control for anything and everything" somehow hasn't become an industrial powerhouse either... so it might be that austerity (or lack thereof), in general, isn't really such an important factor?
- nequo 4y agoHow much money did Greece spend on getting fabs off the ground?
- deleted 4y ago[deleted]
- lightspot21 4y agoGreece has other, deeper problems to fix before it makes any attempts in creating any form of industry. The "pissing money away" happened because of internal problems, which can be attributed to corruption and cultural aversion to any form of entrepreneurship that goes beyond the scale of mom 'n' pop stores. I am not trying to absolve Greece from its liabilities, just pointing out that Greece is a bad example for austerity not playing a significant role in slowing industrial development. Source: I am Greek living in Greece.