Policy and transition of European manufacturing system

“In a resource-constrained polluted world with time constraints, you are going to need policy intervention.”

Description
(18:43) “I looked at manufacturing in the Second World War, where they had a time constraint. And the reason I looked at that and studied that is because I wanted to see, how fast can you transition? And the answer is two years. You can transition the entire manufacturing system of Europe into two years. And the WW2 British case studies that I looked at, it wasn’t nationalisation. It wasn’t complete state control. But it was a mix, it was a hybrid. There were private companies that had to work within governmental frameworks. In a resource-constrained polluted world with time constraints, you are going to need policy intervention to decide what is manufactured, how it is supplied, what materials are used, what energy is used.”

Relevance
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