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0 sats \ 0 replies \ @Solomonsatoshi 3h \ parent \ on: Econ October Recap econ
No in China the government has deliberately created a whole industry including trained engineers and technicians and supply chains of raw materials capable of building projects like nuclear, solar, hydro, wind and thermal power generation at drastically lower cost than the US government which only regulates industry and provides almost zero strategic guidance.
In areas like this neoliberal libertarian ideology has crippled western manufacturing competitiveness.
Remember the Hoover dam?
The wests global dominance was built upon mixed economy government and private enterprise synergies.
The wests decline is upon neoliberal libertarian extremist idiocy.