Gustavo de Souza(@GusMicrotoMacro ):The government is not always picking winners. Sometimes the subsidized firm is so incompetent that it manages - somehow - to be a loser. That was the case of the EBX Group in Brazil and most industrial policy in Latin America.

Gustavo de Souza

@GusMicrotoMacro

PhD from @UChicago. Email: gustavo@microtomacro.net #EconTwitter#

Joined November 2021

704 Following 2.4K Followers

Gustavo de Souza@GusMicrotoMacro

2025.01.27 23:06

The government is not always picking winners. Sometimes the subsidized firm is so incompetent that it manages - somehow - to be a loser. That was the case of the EBX Group in Brazil and most industrial policy in Latin America.

hillaryvipond@hillaryvipond

2025.01.27 11:55

Ok, I know very little about industrial policy. So, question: How can you have State-led policy fostering/ supporting industries and sectors *without* picking winners? The State backing a sector is picking a winner. No? Help? https://t.co/zZcg4pxwAy