Even the philanthropy these firms/their owners do is hardly anything to celebrate because the recipients will pay back through higher prices thanks to the rent-seeking. It is like a loan. The relationship between them and the country is parasitic.
The worst part for me is the death of ambition. The few people i know in manufacturing now limit their ambition to the capture of 200m people, rather than the seven bullion the world has to offer. Because that's the prevailing narrative as told by those that have made it, even though their businesses are suffering from these policies. Thankfully, they don't need much convincing to change their minds. Building the knowhow is the goal and getting them into regional and global supply chains.
Even the philanthropy these firms/their owners do is hardly anything to celebrate because the recipients will pay back through higher prices thanks to the rent-seeking. It is like a loan. The relationship between them and the country is parasitic.
Very parasitic indeed
The worst part for me is the death of ambition. The few people i know in manufacturing now limit their ambition to the capture of 200m people, rather than the seven bullion the world has to offer. Because that's the prevailing narrative as told by those that have made it, even though their businesses are suffering from these policies. Thankfully, they don't need much convincing to change their minds. Building the knowhow is the goal and getting them into regional and global supply chains.
Billion* dang it!