> Not only that, but the US government is neither as aggressive nor as forward-looking about such partnerships, preferring to let market forces have their way
I have not seen this in practice. Wall Street had Glass-Steagall repealed in 1999 which led to the TARP $420 billion bailout in 2008, and Trump just rolled back almost all of Dodd-Frank, so the next taxpayer bank bailout is probably not far off (US taxpayers bailed out S&Ls in the 1980s too). I have not seen much of market forces having their way in the US other than lip service.
Also, look at the 1970s history of Lockheed to see a "never let fail - heed the diktats" company. From the 1971 billion dollar government bailout to the 1976 bribery scandal. Probably one of the most government blessed companies in a country full of such-blessed companies.
I have not seen this in practice. Wall Street had Glass-Steagall repealed in 1999 which led to the TARP $420 billion bailout in 2008, and Trump just rolled back almost all of Dodd-Frank, so the next taxpayer bank bailout is probably not far off (US taxpayers bailed out S&Ls in the 1980s too). I have not seen much of market forces having their way in the US other than lip service.
Also, look at the 1970s history of Lockheed to see a "never let fail - heed the diktats" company. From the 1971 billion dollar government bailout to the 1976 bribery scandal. Probably one of the most government blessed companies in a country full of such-blessed companies.