Every computer advancement we take for granted today is due to industrial policy, and a time when the top marginal tax rate was over 70%. The idea that government is not effective and should not participate in industrial developments is all relatively new.
Every year that goes by without a reset in industrial policy, the web gets worse and there are fewer companies doing actual hardware. It turns out when you let the people who focus solely on finance and efficiency run things, it goes well for a while and then your foundational companies become like Boeing.
Government should participate more strongly, not less - including by breaking up big tech.
Every year that goes by without a reset in industrial policy, the web gets worse and there are fewer companies doing actual hardware. It turns out when you let the people who focus solely on finance and efficiency run things, it goes well for a while and then your foundational companies become like Boeing.
Government should participate more strongly, not less - including by breaking up big tech.