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epistasis 2 hours ago

Well, a single order of magnitude... They actually prioritized strategic industries that would be useful in the future, rather than prioritizing last-generation's industries like the US did with oil and fossil fuels, which receive massive tax subsidies.

Biden's IRA changed this massively for the US, and beyond just meeting our own needs for battery production, we were on track to being highly competitive.

pstuart an hour ago | parent [-]

> we were on track to being highly competitive

Gosh, I'm sure there was a very good, some might say even the best, reason why that is no longer the case.