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>they're unable to compete even with unfair advantages funded by the American tax payers. In countries like South Korea where industrial subsidies have been us
by Barrin92 2y ago
>they're unable to compete even with unfair advantages funded by the American tax payers.
In countries like South Korea where industrial subsidies have been used successfully this was only the case because governments at the same time enforced export discipline policies, meaning they made subsidies dependent on companies being able to meet export targets which is a big indicator of competitiveness.
Given that the US is turning insular at the same time as its trying to subsidize domestic industry and increasingly putting trade barriers and tariffs up across several industries you basically have the perfect combo for a disaster.