Comment by aksss
> They have no serious industrial policy.
Ignoring how we define "serious", they do have an industrial policy. You just may not agree with the wisdom of the outcomes wrought by the regulatory regime. I don't know how you ever compete with the developing world that has a surplus of people and comparatively lax regulatory framework for everything from labor to the environment.
The policy is to move all the dirty work to someone else's back yard. It seems to work as long as the shipping lanes stay open and the other economies have something to gain (room to grow and raise standards of living).
> The policy is to move all the dirty work to someone else's back yard.
Whose policy? Like, which politicians and what exactly is their policy?
Because that sounds more like the kind of thing people say they are trying to do, while hiding the fact that they are doing something different.