3 ms·

I'm not talking about healthcare etc or claiming Japan as a whole is bad/worse, I'm simply stating that the Japanese government's industrial policy of trying to

I'm not talking about healthcare etc or claiming Japan as a whole is bad/worse, I'm simply stating that the Japanese government's industrial policy of trying to pick winners has a long track record of subsidizing losers instead. Any (recent-ish) counterexamples you'd like to point out?

wezdog1 2y ago
Broken clocks
starspangled 2y ago
> I'm not talking about healthcare etc Healthcare is an immense government expenditure though, vastly, vastly bigger than your examples, and I would say US government pumping in a trillion dollars every year for a substandard result fits the your description pretty well. > or claiming Japan as a whole is bad/worse, Oh. Well then as I said your comment seemed a bit strange to me if it isn't notably worse than other countries, I thought it implied that Japan is notably bad, but if not then carry on. > I'm simply stating that the Japanese government's industrial policy of trying to pick winners has a long track record of subsidizing losers instead. Any (recent-ish) counterexamples you'd like to point out? Counterexamples for what? I didn't say Japan's government isn't incompetent and/or doesn't take risks on investing in long shots, like other governments, so I'm not claiming there is no such long history. What I was asking is what makes Japan particularly bad, but you say it's not so I don't really have more to say.
renewiltord 2y ago
Yeah, Kioxia (ex. Toshiba Memory). Pretty much the top source of large enterprise high-performance flash memory alongside Samsung. The Kioxia fabs received a (relatively-tiny) billion dollar subsidy to expand. Their past policy in favour of Canon/Nikon would look like a different story if the US government had decided that one of C/N could have EUV tech instead of giving it to ASML/SVG. Your point is generally pretty decent, though. It's a pity you're having so many responses that are so low-brow. Industrial policy isn't healthcare etc. and the performative outrage on this site is getting quite tiresome.

wezdog1 2y ago

Broken clocks

starspangled 2y ago

> I'm not talking about healthcare etc Healthcare is an immense government expenditure though, vastly, vastly bigger than your examples, and I would say US government pumping in a trillion dollars every year for a substandard result fits the your description pretty well. > or claiming Japan as a whole is bad/worse, Oh. Well then as I said your comment seemed a bit strange to me if it isn't notably worse than other countries, I thought it implied that Japan is notably bad, but if not then carry on. > I'm simply stating that the Japanese government's industrial policy of trying to pick winners has a long track record of subsidizing losers instead. Any (recent-ish) counterexamples you'd like to point out? Counterexamples for what? I didn't say Japan's government isn't incompetent and/or doesn't take risks on investing in long shots, like other governments, so I'm not claiming there is no such long history. What I was asking is what makes Japan particularly bad, but you say it's not so I don't really have more to say.

renewiltord 2y ago

Yeah, Kioxia (ex. Toshiba Memory). Pretty much the top source of large enterprise high-performance flash memory alongside Samsung. The Kioxia fabs received a (relatively-tiny) billion dollar subsidy to expand. Their past policy in favour of Canon/Nikon would look like a different story if the US government had decided that one of C/N could have EUV tech instead of giving it to ASML/SVG. Your point is generally pretty decent, though. It's a pity you're having so many responses that are so low-brow. Industrial policy isn't healthcare etc. and the performative outrage on this site is getting quite tiresome.