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Late Stage Capitalism • 3 years ago

After decades of criticizing China for state interventions in the market, US is now beginning to copy them

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After decades of criticizing China for state interventions in the market, US is now beginning to copy them

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Late Stage Capitalism • 3 years ago

‘Industrial Policy’ Is Back: The West Dusts Off Old Idea to Counter China

An approach long criticized as inefficient is being adopted by the U.S. and its allies to directly fund critical sectors such as semiconductors. One spur is the security gap exposed by the pandemic.

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7•3 years ago
It’s basically capital concentration that Marx and Lenin talk about.