Comment by smallnamespace
Comment by smallnamespace 2 days ago
> That the favoured industry (or company) is doing well isn't necessarily a sign that the policy is overall good for the country's economy.
You are answering specifics with generalities.
If Taiwan didn't support and nurture TSMC so that today it's a national champion that prints money, what development path do you think they could have taken that would've brought at least the same economic success? Please be specific.
There's plenty of other companies in Taiwan already today, and that's without the counterfactual of leaving more money in people's hands.
I can't predict specifically what other things would have happened. If people could do these kinds of predictions well, maybe central planning would actually work?