You are making no sense. You're positing a binary choice between a total focus on "competitive" industries and total economic apocalypse. The real world may be a little bit more complicated than that.
The real world may be a little bit more complicated than that.
"strong value-creating industries" can exist in an economy where "competitive" is not the only criteria in use.
And value is only created by competitive industries. What?
And value is only created by competitive industries.
What?
But if you can't make things people want to buy, there isn't going to be any money for generous unemployment benefits or pensions.
Well, quite. And this is almost exactly what's just happened.
