American industry was founded on government-funded monopolies
The global giants of modern tech were built on a blueprint first drafted by Alexander Hamilton, who used government intervention to shield infant industries from foreign competition.
In 1791, Alexander Hamilton issued his 'Report on Manufactures,' arguing that the United States could never compete with established European powers without aggressive state support. He advocated for high tariffs and direct subsidies to nurture 'infant industries' until they were strong enough to survive the open market. This philosophy of 'picking winners' is the hidden engine behind the world's most successful economies.
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