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> drastically slash red tape and bureaucracy, stop the industrial policy that favors old-economy manufacturing, and promote entrepreneurship and new companies
by alephnerd 2y ago
> drastically slash red tape and bureaucracy, stop the industrial policy that favors old-economy manufacturing, and promote entrepreneurship and new companies
You just described word-for-word "Industrie 4.0" - Germany's attempt at this back in 2014 [0]
It did not take off.
And this is the issue - these are all buzzwords, but there are more systemic issues in Germany caused by it's conglomeratization. It's always the same handful of conglomerates (Siemens, VW, Bosch, etc) lobbying for industrial policy.
[0] - https://ec.europa.eu/information_society/newsroom/image/document/2016-27/10__pi40_diemer_16494.pdf https://ec.europa.eu/information_society/newsroom/image/docu...