"Back in the 1980s and 1990s, a government-financed initiative like that would have been called "industrial policy," which real capitalist democracies were supposed to avoid. When the Japanese perfected this approach -- with a mix of research help, tax incentives and government "guidance" -- American presidents would dispatch negotiators to demand a halt to the practice. The Japanese took them out to nice sushi dinners, gave them a police escort back to the airport, and ignored them."
-NYTimes
