3 ms·
there is nothing particularly innovative about China industrial strategy - it is simply long term planning with ROI calculations going multiple decades out. The
by hunglee2 2y ago
there is nothing particularly innovative about China industrial strategy - it is simply long term planning with ROI calculations going multiple decades out. The challenge for the US is how to execute similar plans in a system of governance which encourages (demands?) short term thinking. If there is a requirement for the 'deep state' it is this; to carry out long horizon objectives whilst the Punch and Judy show of politics cycles around every 4/5 years
- jlb77 2y agoPretty simple. Replace Profit with Quality of Life metrics. But the Elite (those who own the most land, spectrum, mining rights, licenses, monopolies, shares, overseas tax avoiding shell companies etc) cant do it cause of their own mental programming since birth. Making the same mistakes, suffering from the same halucinations the British Elite did as their unsustainable Empire wound down. That said at the individual level all this doesnt matter. People will move to where ever the opportunities are as they always have.
- JumpCrisscross 2y ago> Replace Profit with Quality of Life metrics And the evidence for this leading to long-term thinking is what exactly?
- yorwba 2y agoCan you point to a planning document for the EV industry with a ROI calculation multiple decades out?