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Industrial policy strategy by @peteraltmaier has many positive elements. We indeed need to talk about the strength of Europe's industry. EU and Germany need to invest more in R&D, research and education and it needs to create a vibrant venture capital market. But...
... setting numerical targets for the size of the industrial sector will hardly help. Also ironic that German government simultaneously decided to cut its spending plans for broad band and digitalisation of schools. Germany will need to put its money where its mouth is. ...
... Statements on advantages of size appear quite one-sided. Germany benefits from highly effective technology-leaders SMEs. European consumers have benefited from low mark-ups. Merger control might eventually need some changes but don't neglect benefits - depolitisation needed..
... Instead, more thinking needed on how to enact state aid control on third countries. WTO rules are clearly insufficient. /End of thread
