alt Hacker NewsThere are many things to criticize about China but they are absolutely to be admired in how they focus on building for the future.
The problem is that American industrial policy is based on quarterly earnings and not long term health of the republic as a whole. Biden's IRA program was effectively a step in the right direction but has been erased. We need our economic incentives to be aligned with long term growth and prosperity for all, not just wealth for those at the top of the dog pile.
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> We need our economic incentives to be aligned with long term growth
Isn't that asking for more TSLAs? I don't mean Tesla the company. I mean TSLA the stock. People hold it because they want to bet long on the future.
No they aren't. F*ck China and its genocidal dictatorship.
> The problem is that American industrial policy is based on quarterly earnings and not long term health of the republic as a whole
I think it's even worse than that, the country's industrial policy is based on emotional appeal to the past. Gas cars, coal mines, etc etc, they are as much cultural touchpoints as they are economic factors.