The first part is arguable, the second isn't - it just isn't true. Usually, you get large, monopolistic industries that are propped up by the state. So worse pr

The first part is arguable, the second isn't - it just isn't true. Usually, you get large, monopolistic industries that are propped up by the state. So worse products and services than what's available internationally for higher costs as you don't have to compete against all comers. Only a few countries have ever escaped this trap - there's a great Odd Lots about it: https://podcasts.apple.com/us/podcast/this-is-how-industrial-policy-can-go-bad/id1056200096?i=1000670757055 https://podcasts.apple.com/us/podcast/this-is-how-industrial...