Nothing there indicating a "vast majority". If "This excess of disabilities then stayed relatively constant at approximately 17 per 100 persons from 5 to 10 years after the shut-down", wouldn't subsidizing that excess of 17 per 100 through retirement be cheaper than subsidizing the entire factory ad infinitum?
Labor cost and regulatory burden don't enter into it at all? Do you really think any level of capital investment and management expertise could have kept, say, the US textile industry competitive?
Subsidies in developed also have a negative global impact, posing a serious obstacle to countries that are trying to develop viable industries
This thread needs to get back to China...
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