I would add that the "buy America" does not what an industrial policy is supposed to do: strengthening the national industry.
The French, when they started the "tramway renaissance" in the 1980s, used it to make a large market for Alstom's TSF**. https://twitter.com/Indy_Austin/status/1304825728446476290
The French, when they started the "tramway renaissance" in the 1980s, used it to make a large market for Alstom's TSF**. https://twitter.com/Indy_Austin/status/1304825728446476290
With perspective of thousands of kilometers of modern tramways to open nation-wide, Alstom was encouraged to invest in the development of a new low floor product. Now Alston is a world leader in LRT in a country that had none 25 ya
Call it dirigisme if you want.
I call it smart.
Call it dirigisme if you want.
I call it smart.