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The problem is that industrial policy seems to be incompatible with effective capitalism and universal rule of law to some extent. It's not very clear (at leas
by marcosdumay 2y ago
The problem is that industrial policy seems to be incompatible with effective capitalism and universal rule of law to some extent.
It's not very clear (at least to me) how and why. But it never seems to be a positive thing after some point, instead, it seems to have very negative impacts on more developed countries.
- JumpCrisscross 2y ago> It's not very clear (at least to me) how and why It's good at the initial stages and unproductive later on. The problem is that when you need to remove it is also when its recipients are most powerful.
- ghaff 2y agoThere's probably reasonable disagreement on the extent of anti-trust enforcement etc. in developed economies. We may see a case study in the coming years.