Monday, August 22, 2011

Free Market Fundamentalism May Impede Economic Development

link here to article

This article describes a system for integrating technological development in the US. Critics call this sort of arrangement industrial policy. It is an article of faith, among free market fundamentalists, that industrial development be left to market forces. The evidence, in the US and elsewhere, does not support the case against industrial policy. Countries without an industrial policy may be at a disadvantage against those who have one.

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