East Asia Forum

East Asia Forum

The empty modern promise of sovereign capability

A member of staff at a lab at the Taiwan Semiconductor Research Institute (TSRI) at Hsinchu Science Park in Taiwan, 16 September 2022 (Photo: Reuters/Ann Wang)

Author: Editorial Board, ANU As the old aphorism goes, governments are terrible at picking winners, but losers are great at picking governments. It’s advice which many governments seem to have forgotten as they start using taxpayers’ money to build industries…