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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Yves Smith</author_name><author_url>https://www.nakedcapitalism.com/author/yves-smith</author_url><title>Time for the West to Embrace Chinese Industrial Policy, Not Eliminate it | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="Odw95IS2br"&gt;&lt;a href="https://www.nakedcapitalism.com/2020/07/time-for-the-west-to-embrace-chinese-industrial-policy-not-eliminate-it.html"&gt;Time for the West to Embrace Chinese Industrial Policy, Not Eliminate it&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2020/07/time-for-the-west-to-embrace-chinese-industrial-policy-not-eliminate-it.html/embed#?secret=Odw95IS2br" width="600" height="338" title="&#x201C;Time for the West to Embrace Chinese Industrial Policy, Not Eliminate it&#x201D; &#x2014; naked capitalism" data-secret="Odw95IS2br" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>Yves here. We&#x2019;ve pointed out that the US does have an industrial policy, even if it comes out by default through which groups manage to extract the most subsidies. Favored sectors include housing, the defense-surveillance complex, financial services, higher education, oil and gas, and niche interests like sugar. So the umbrage about China (and Japan [&hellip;]</description></oembed>

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