industrial policy, n.All

Industrial policy (n.) in ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠Japan aimed lasers at the market; America aimed them at missiles ten thousand miles away and hoped for spin-offs — which is why Japan competed so well.