@Steve_Sailer wrote that a lot of faith in government on the left stems from the quality of civil servants hired during the Great Depression.
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IIRC, they dumbed down the civil service test in the 70s for various reasons, including inclusion
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Folowing the textiles->steel->electronics path only makes sense if nobody else is doing it. When everybody else is doing it, you are buying high and selling low.
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Completely different cultures. In theory only the best of the best serve the government in Confucian cultures. Whereas in the US, the best are assumed to gravitate to the open markets e.g. industry.
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