Public orders are proposed as a way to keep money moving through an industrial sector while its role in the economy changes. The government would specify something it needs, such as ships or an NHS information system, and pay companies to supply it. The argument favors this approach because the country receives a useful product while firms find ways to deliver it. Grants are criticized for encouraging companies to satisfy funding conditions even when those conditions do not support an economically sustainable business.
Notable Point · 39:31-40:32
Using public contracts to support industrial transition
Contracts for useful products are proposed as a way to sustain industrial work while letting firms adapt their operations.