Chương 666: Chapter 239: Can't Stay Idle

To wage a trade war does not mean allowing industries to develop wildly. Countless cases have proved that enterprises without competitiveness are the first to fail when crisis strikes.

Big but not strong industries find it hard to stand in international competition. Austria has surpassed the era of blindly chasing quantity; now, what's needed is an emphasis on both quality and quantity.

In order to calm the market, right before Christmas in 1879, the Austrian Government issued a "Market Risk Warning", listing thirty-nine industries as having overcapacity.

It also raised the investment entry barrier, demanding not only registered capital but also technical requirements. Capitalists who wanted to invest in these industries had to use the most advanced technology available.

For capital, these barriers were not really a problem. Except for the high-tech fields, you could easily buy whatever technology you needed as long as you had the money.