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Apples to oranges comparison. The problem set is completely different regarding your doom example of South America.
by boringg 2y ago
Apples to oranges comparison. The problem set is completely different regarding your doom example of South America.
- rchaud 2y agoHow? the problem is the same: a need for rapid industrial development to grow the economy. The solutions are the same: government picks winners, which is how an upstart like OpenAI can be paired with a dinosaur like Oracle. The latter's CEO of course being a long time friend of Trump.
- JumpCrisscross 2y ago> the problem is the same: a need for rapid industrial development to grow the economy This is first-mover industrial development being funded by private actors looking out for a return on their investments. South America saw nothing similar--it was duplicating others' industrialisation with state capital (often borrowed from overseas) while spending massively on handouts.