The whole premise behind private enterprise is that it was supposed to be more efficient than state planning. If we’re saying now that state planning works better, then maybe the west should think about abandoning the dogma of letting private businesses run wild. It’s also worth noting that the US also gives massive subsidies to their car companies. Tesla wouldn’t exist without decades of government grants for example.
The whole premise behind private enterprise is that it was supposed to be more efficient than state planning. If we’re saying now that state planning works better, then maybe the west should think about abandoning the dogma of letting private businesses run wild. It’s also worth noting that the US also gives massive subsidies to their car companies. Tesla wouldn’t exist without decades of government grants for example.