>>25773392
>Modern industries are a product of state intervention and they do not exist without state help.
Nope, the government's only contribution comes in education and state-funded research, state enterprises are notoriously terrible.
>The industrial revolution
Happened in the stone age at a time of IQ89 economics with constant recessions.
>The british state learned to intertwine industries with state interests and national finances
Resulting in idiotic colonialism to try to benefit their businesses but which lead to them spending more money maintaining their colonial empire than what they made, read Jacob Viner.
>Japan went from an industrial marvel to a stagnant economy as soon as they abandoned industrial policy int he 80s and 90s
Wrong, they experienced a credit crunch which was clearly building up in the '80s, industrial policy has nothing to do with it and their industry hasn't gone anywhere since then.