To do that, they would need to be open to capital controls. As it stands, money flowing into subsidized manufacturing only leads to bloat. You can’t develop industry with a privatized govt run by banks
In order to sustain industrial growth, even more than management of industrial competition, you need to foster the intellectual capacity of your industries! That means an educated population that isn’t randomly slammed by waves of unemployment that massacre skills transfer. US software industry is learning the hard way where senior devs come from (JUNIOR DEVS)
To do that, they would need to be open to capital controls. As it stands, money flowing into subsidized manufacturing only leads to bloat. You can’t develop industry with a privatized govt run by banks
In order to sustain industrial growth, even more than management of industrial competition, you need to foster the intellectual capacity of your industries! That means an educated population that isn’t randomly slammed by waves of unemployment that massacre skills transfer. US software industry is learning the hard way where senior devs come from (JUNIOR DEVS)