Thanks interesting. Would China’s lead in battery technology and EV have happened without government industrial policy? I am sympathetic to creating a level playing field, but I wouldn’t dismiss industrial policy. Of course not all industrial policy will succeed (just as not all entrepreneurs succeed). Failure is not a reflection of competence; it just reflects risk and uncertainty. We have to assess the whole portfolio, not just point to specific failures
Thanks interesting. Would China’s lead in battery technology and EV have happened without government industrial policy? I am sympathetic to creating a level playing field, but I wouldn’t dismiss industrial policy. Of course not all industrial policy will succeed (just as not all entrepreneurs succeed). Failure is not a reflection of competence; it just reflects risk and uncertainty. We have to assess the whole portfolio, not just point to specific failures