zlacker

>>tedsan+(OP)
The US appears to be fully in the grips of centralized economic autarky. A tiny coterie of industrialists who have the President's ear decide how to allocate a gigantic amount of capital for their pet projects while the state raises tariffs and implements bans to protect them from competition.

Didn't go well for South America in the 60s and 70s but perhaps, as economists are prone to saying, "this time will be different".

>>rchaud+592
Apples to oranges comparison. The problem set is completely different regarding your doom example of South America.

>>boring+6g2
How? the problem is the same: a need for rapid industrial development to grow the economy. The solutions are the same: government picks winners, which is how an upstart like OpenAI can be paired with a dinosaur like Oracle. The latter's CEO of course being a long time friend of Trump.

>>rchaud+ak2
> the problem is the same: a need for rapid industrial development to grow the economy

This is first-mover industrial development being funded by private actors looking out for a return on their investments. South America saw nothing similar--it was duplicating others' industrialisation with state capital (often borrowed from overseas) while spending massively on handouts.