I'm shocked at the number of people who still think that East Asia's rapid economic development happened thanks to free trade and laissez-faire. The crucial ingredient was state intervention. The industrial policy toolbox among East Asia's developmental states was humongous.

I'm shocked at the number of people who still think that East Asia's rapid economic development happened thanks to free trade and laissez-faire.

The crucial ingredient was state intervention.

The industrial policy toolbox among East Asia's developmental states was humongous. Here are the main pillars of the toolbox.

Trade policy: tariffs, import licensing, export subsidies, etc.

State-directed investment: state-owned enterprises and development banks.

Long-term investment in firms’ capabilities: R&D and worker training.

Attraction of foreign direct investment (with conditions): local content requirements, joint venture requirements.

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I can't stop laughing at this
有趣
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8个月前 • NO CONTEXT HUMANS • -- 点击 • 下载视频 0 评论

00:00:13

judging an engineer by age is BS
- Linus Torvalds wrote Linux at 21
- Steve Wozniak built Apple I at 25
- Palmer Luckey created Oculus VR at 20
- Vitalik Buterin designed Ethereum at 19
- Mark Zuckerberg coded Facebook at 19
Looking back, I realize that 18-25 is the peak time.
btc
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8个月前 • Yuchen Jin • -- 点击 0 评论

At this rate of achievement, not only should President be on Mount Rushmore, I want to personally work the chisel!
btc
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8个月前 • Elon Musk • -- 点击 0 评论

🇺🇸 ELON: GOVERNMENT OVERSPENDING CAUSES INFLATION AND DEVALUES PAYCHECKS
“The federal government can always make more money, but that’s what creates inflation.
I really want to reinforce this—government spending creates inflation.
When prices go up at the grocery store, it’s
btc
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8个月前 • Mario Nawfal • -- 点击 • 下载视频 0 评论

00:01:34

The team, at the direction of the President & his leadership team, is making great progress improving the efficiency of how your tax dollars are spent.
I am confident that almost any fully informed American will be happy with the results.
btc
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8个月前 • Elon Musk • -- 点击 • 下载视频 0 评论

00:01:50

I am afraid the more you dig into DOGE, the more TSLA will go down to $200 soon....
at least 50% of US Citizens are hating you and your company now.
They may never buy a Tesla car nor FSD forever now.
时政
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8个月前 • 勃勃OC • -- 点击 0 评论

NEW: Government worker says 19-year-old DOGE employees are having 15 minute interviews with federal employees to “justify their existence” before determining if they should be fired.
Lmao, good.
An unnamed federal worker spoke out at a town hall event in Virginia.
“I just
时政
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8个月前 • Collin Rugg • -- 点击 • 下载视频 0 评论

00:01:17

I have been doing some digging... At least £6.6 billion has been spent with private organisations by departments, councils, the NHS and others on asylum and refugee costs since 2020.
Over 200 contracts...
It is BONKERS.
Some examples.
£634,182 on a contract to 'Support
btc
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8个月前 • Rupert Lowe MP • -- 点击 0 评论

What insights does Game Theory offer on the U.S. tariff policy approach? I can think of at least two:
1. Given the relative strength of the U.S. and the relative weakness of many other countries—both cyclically and structurally—the approach promises gains for America in the
时政
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8个月前 • Mohamed A. El-Erian • -- 点击 0 评论

I see the leftists who threw evidence-based medicine and safeguarding out of the window, causing acute harm to women, gay rights and vulnerable young people, have embraced a new strategy of yelling 'fascist' twice as loudly at those who tried to warn them. Good luck with that.
btc
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8个月前 • J.K. Rowling • -- 点击 0 评论

A note on affirmative action:
In a competitive system where one person getting a spot means that another person doesn’t, if diversity is the goal (rather than a means to an end), then achieving that goal comes at the expense of pure merit.
I suspect most beneficiaries of
btc
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8个月前 • Kaizen D. Asiedu • -- 点击 0 评论

🚨ELON: TREASURY STAFF TRIED TO STOP FRAUD FOR YEARS—BUT MANAGEMENT BLOCKED THEM
“I do want to credit the working level people in Treasury who have wanted to do this for many years, but have been stopped by prior management.
Everything at Treasury was geared towards complaint
btc
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8个月前 • Mario Nawfal • -- 点击 0 评论

ELON: CROSS-FERTILIZING IDEAS BETWEEN FIELDS IS A SUPERPOWER
“I do find a good source of innovation is that if you read about a whole bunch of fields, you can cross-fertilize ideas from one field to another.
Take SpaceX and Tesla.
The automotive industry is very good at
btc
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8个月前 • Mario Nawfal • -- 点击 • 下载视频 0 评论

00:00:43

I want a full review into how uncontrolled mass immigration has put women and girls in Britain at risk.
We're welcoming countless men from cultures that hold no respect for women - is it a surprise that many of them arrive in our country, and hold no respect for women? No. It is
btc
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8个月前 • Rupert Lowe MP • -- 点击 0 评论

我从来不关注明星大V和权贵，但是看着张历史照片，觉得还是有点意思。俩孙女跟这个老奶奶真的有点像。但是她们跟中共勾兑，都是报应。
I never pay attention to celebrities and dignitaries, but looking at this historical photo, I think it is still interesting. The two granddaughters
时政
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8个月前 • 大雄的微笑 • -- 点击 0 评论

RICK CARUSO: I WANT TO GET ELON BACK TO LA
“I want to be more business-friendly.
I want to invite businesses back to California.
I want to invite businesses back to LA.
I want to get Elon back to LA.
I don't want him to leave LA.
I've told him that.
I think he would
btc
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8个月前 • Mario Nawfal • -- 点击 • 下载视频 0 评论

00:00:42

I wish I was in this generation
有趣
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8个月前 • NO CONTEXT HUMANS • -- 点击 • 下载视频 0 评论

00:00:11

At least
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8个月前 • Elon Musk • -- 点击 0 评论

At least
btc
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8个月前 • Elon Musk • -- 点击 0 评论

Starships at Starbase
btc
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8个月前 • Dima Zeniuk • -- 点击 0 评论

I feel sorry for him but I can't stop laughing
有趣
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8个月前 • NO CONTEXT HUMANS • -- 点击 • 下载视频 0 评论

00:01:51