2 ms·
> No one ever explains how it's possible for China to simply give "massive state subsidies" and take over the entire global economy from a starting point of Hai
by kshri24 2y ago
> No one ever explains how it's possible for China to simply give "massive state subsidies" and take over the entire global economy from a starting point of Haitian-level GDP per capita 25 years ago
The biggest purchaser of technology and goods and services is the US Government. It spends over $760 billion annually on products and services.
But if any other country does the same it would classify as "massive state subsidies".
I would take it a step further and say that the biggest employer in US is the US Federal Government.