Well please do derive it then, because to me it seems you just focused on one aspect and then concluded that that aspect definitely is the correct answer.
If the goal was to reward the best and the brightest, then why does china make some of them disappear from time to time? Why reeducate the odd billionaire who misbehaves? The idea was to get him in power because he knows better and generates riches, no?
On giving away stuff for ‘free’: what would be good examples in your opinion? Steel? Silicon or finished solar cells? Electric cars and batteries? Masks useful during pandemics?
Seriously?
I agree with you on the network effects and winner takes all mechanics. But to me that is not related at all to exports and their subsidies. Just making good stuff at a reasonable price is enough. If desired, production can be subsidized, sure, but that has positive effects in your country as well. Chinese people own lots of real estate, top of the line electronics and electric cars, more so than we do.
Well please do derive it then, because to me it seems you just focused on one aspect and then concluded that that aspect definitely is the correct answer.
If the goal was to reward the best and the brightest, then why does china make some of them disappear from time to time? Why reeducate the odd billionaire who misbehaves? The idea was to get him in power because he knows better and generates riches, no?
On giving away stuff for ‘free’: what would be good examples in your opinion? Steel? Silicon or finished solar cells? Electric cars and batteries? Masks useful during pandemics?
Seriously?
I agree with you on the network effects and winner takes all mechanics. But to me that is not related at all to exports and their subsidies. Just making good stuff at a reasonable price is enough. If desired, production can be subsidized, sure, but that has positive effects in your country as well. Chinese people own lots of real estate, top of the line electronics and electric cars, more so than we do.