The logic of their policies is thoroughly confused. Worse still, now that the sorry state of Taiwan’s so-called “four miserable industries” — DRAM, display panels, solar energy and LEDs — has become a common karma for both political camps, the main concern for both sides is how to shrug off responsibility for it, blame the other side and get the upper hand in a war of words. They are not willing to accept responsibility and work out reforms, still less to sincerely and diligently sort out their own economic logic.
This is the key reason why Taiwan has not been able to climb out of this quagmire.
Lin Cho-shui is a former Democratic Progressive Party legislator.
Translated by Julian Clegg