Healthcare is an immense government expenditure though, vastly, vastly bigger than your examples, and I would say US government pumping in a trillion dollars every year for a substandard result fits the your description pretty well.
> or claiming Japan as a whole is bad/worse,
Oh. Well then as I said your comment seemed a bit strange to me if it isn't notably worse than other countries, I thought it implied that Japan is notably bad, but if not then carry on.
> I'm simply stating that the Japanese government's industrial policy of trying to pick winners has a long track record of subsidizing losers instead. Any (recent-ish) counterexamples you'd like to point out?
Counterexamples for what? I didn't say Japan's government isn't incompetent and/or doesn't take risks on investing in long shots, like other governments, so I'm not claiming there is no such long history. What I was asking is what makes Japan particularly bad, but you say it's not so I don't really have more to say.
Healthcare is an immense government expenditure though, vastly, vastly bigger than your examples, and I would say US government pumping in a trillion dollars every year for a substandard result fits the your description pretty well.
> or claiming Japan as a whole is bad/worse,
Oh. Well then as I said your comment seemed a bit strange to me if it isn't notably worse than other countries, I thought it implied that Japan is notably bad, but if not then carry on.
> I'm simply stating that the Japanese government's industrial policy of trying to pick winners has a long track record of subsidizing losers instead. Any (recent-ish) counterexamples you'd like to point out?
Counterexamples for what? I didn't say Japan's government isn't incompetent and/or doesn't take risks on investing in long shots, like other governments, so I'm not claiming there is no such long history. What I was asking is what makes Japan particularly bad, but you say it's not so I don't really have more to say.