> Do you agree with countries doing the opposite to the US?
Yes, please! Maximally efficient is minimally robust.
We need robustness in the global economy more than some megajillionaire needs another half cent per customer in profit.
In addition, we need competition in a lot of areas where we have complete consolidation right now. The only way to get that is to give some protection to the little guys while they grow.
> The only way to get that is to give some protection to the little guys while they grow.
Industrial Policy
It has a very bad reputation in the West but in built Japan and Taiwan
In the West it meant "protect old industries" rather than grow new ones (e.g. British steel)