Letters to the Editor
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State Intervention is Like Advertising
I've always felt like state intervention is very akin to advertising when it does work. If no state nurtured nascent industries then the free markets should be able to properly determine where and when those industries mature. However like an heavily advertised product, the country that chooses to nurture a particular industry will often succeed to the detriment of other countries who choose not to intervene. Is it fair? Not sure, but it's certainly how the game is played.