

how European Union regulation holds back their efforts to catch up
Yes, the problem in trying to compete with a country with extensive state led industrial policy is that you’ve got too much government. These neoliberal morons really try my patience.















You could deregulate to hell. You won’t get Chinese skilled workers or Chinese supply chains from that and that’s where they’re killing the West (or better you could say the West killed itself by giving them up). Getting those requires industrial development, patient capital investment (which is subsidized), and heavy regulation/government directed market discipline to make sure the companies don’t just steal your money. These are all answers the West is allergic to, so the neoliberals just say deregulate and the market will magic long term capital investment on depreciating assets. Spoiler: it won’t, no matter how many positive externalities arise from it. Better to buy into inflating the property bubble or some shit ass liquid tech stock. So the musical chairs game in the West continues until suddenly everybody realizes that you can’t run an economy on asset inflation.