2 ms·
Is there any country that doesn't have heavy subsidies/intervention in what it considers strategically important industries? For example, the US basically has
by mullingitover 4y ago
Is there any country that doesn't have heavy subsidies/intervention in what it considers strategically important industries?
For example, the US basically has helicopters dumping cash into the agriculture industry nonstop, the CHIPS and Science Act is dumping 280 billion into semiconductors, and the petroleum industry gets around 20 billion a year.
It's not a matter of one country cheating while the others play fair, it's more like everyone cheating and some being more able to get away with it than others (RIP, Bombardier, for example).
- bobthepanda 4y agoYeah, industrial policy historically has mostly created bad companies, which is why it fell out of favor for a while. Even China is not foolproof at it; look at how troubled their airliner program has been.