Comment by abirch
1 day ago
China has a plan. It subsidizes technology that it sees as important. There's nothing wrong with that per se.
It'd like me saying that Barry Bonds only won the home run records because he used steroids. It wasn't entirely the steroids but I'm sure they certainly didn't hurt.
> There's nothing wrong with that per se.
Contemporary western capitalism would disagree. You can never subsidize technology cleanly, only an organization of people working with that technology. We would usually denounce that as "picking winners" in our system.