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Plants are getting in canada, in america and in europe from public support. so it gives you a sense of the scale. i m not an economist, as you are, but this all sounds to me quite kind of keynesian, you know, returning to the big state that funds what it chooses. instead of saying, you re on your own here, you fight it out among yourselves. what they feel that they re doing is to invest in the productive capacity of the economy. the chinese have had ten to 15 years of strategic investment in state owned companies. and in order to just create a level playing field in the world, you have to do something pretty similar. but yeah, it is a big change to where we, what we think about as conventional economics. it is not without its risks. ....
But this all sounds to me quite kind of keynesian, you know, returning to the big state that funds what it chooses. instead of saying, you re on your own here, you fight it out among yourselves. what they feel that they re doing is to invest in the productive capacity of the economy. the chinese have had ten to 15 years of strategic investment in state owned companies. and in order to just create a level playing field in the world, you have to do something pretty similar. but yeah, it is a big change to where we, what we think about as conventional economics. it is not without its risks. we re seeing global borrowing costs for governments go up. but here s the really fascinating thing. quietly, i hearfrom people close to the democrat, the white house, the us government, ....