God help us. These are industries that Singapore and Taiwan are already abandoning because they are now a drag on growth. These are labour intensive industries that capital accumulation eventually direct to capital poor countries. Yet these are the same industries that Crean would direct resources to. The so-called sunrise industries that Crean and his ilk want us to emulate were entrepreneurial creations, not the products of government planning.
Entrepreneurs look to what can be.
Planners look to what is. The emphasis should be on fatal.