State intervention has a reasonably good history of getting what the state pushes for. It just has a poor history in everything else the state needs/wants but doesn't realize and so doesn't push for. Also people often miss what the state is pushing for (for example: most of the people pushing transit are really interested in expensive contracts to push money to their friends - any transit that results is a side effect they don't care about. If you are interested in transit most of the people who appear on your side are a long term negative even if you must work with them)

Was going to say this. The right form of state intervention can be hugely beneficial

If I go to the police evidince locker and pick up glawk fawty with the switch used in a drive-by and I put it in the hand of a biathlon athlete will he hit the target or will he spray the crowd? He'll still probably hit the target. He might be a little worse at it but the nature of the tool and the task it's optimized for isn't gonna fundamentally alter what happens because the goal is still the same, hit the target.

Both the US and China engage in copious amounts of "state intervention". They have different characteristics but it's fundamentally the same tool even if they're optimized differently. The US has no problem steamrolling people and interests, it just takes more time and money. At the behest of various interests I will not piss everyone off by naming and shaming because who they are is somewhat beside the point, the US has spend the past 50yr wielding state intervention in pursuit of policies that will kick out industrial activity at the margin. China has intentionally done essentially the opposite in the same time. Both have essentially accomplished what they set out to do.

Cheerleading for "more/cheaper/faster state intervention" is stupid when the goals being pursued are what's responsible for the lion's share of difference in outcome. Giving a glawk fawty to a biathlon athlete isn't gonna make him want to indiscriminately pepper the crowd any more than giving US policy more teeth to tear shit up is going to change the fact that the policy is pursuing de-industrialization.