Comment by verdverm
3 hours ago
Do we consider the US Chips Act to be a subsidy? What about when GM became Government Motors because it was Too Big To Fail?
In other words, when do economic and industrial policies transition to subsidies? Is it a matter of perspective? Is the devil in the details?
It's a matter of scale: https://www.wsj.com/world/china/the-u-s-has-been-spending-bi...
If you trust Google's AI summary, China spends 4-5% of GDP on industrial subsidies, vs US at 0.4%. 10-12x as much.