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by pirate787 133 days ago
Import substitution has failed consistently as an economic strategy.
1 comments

I call bullshit. China's software industry boomed when they blocked/hobbled western big tech companies that would have strangled them. Slater kicked of America's textile industrialization. Every country that I know that has implemented a quota system in the arts has resulted in the domestic industry blossoming and getting over the self-sustaining hump.

It is self-evident that limiting competition is beneficial to the protected parties.