Thread on machine tool manufacturing. Empirically, countries gain expertise in making machine tools through gov't (mostly military) investment in industry. I don't know if it necessarily *has* to happen that way, but that's where existing success stories came from.https://twitter.com/NickPinkston/status/1109990979170295808 …
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I've also been writing about the whole r&d and the military thing for a while https://nintil.com/2019/03/06/was-world-war-ii-good-for-growth/ … https://nintil.com/2015/08/28/is-war-necessary-for-economic-growth-a-review-and-some-aviation-history-love/ … if you like that literature in general, but Ch 29 is a good general introduction.
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Great stuff! What's the gist on why/how it was detrimental?
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