Billions for the past — not the future.
The Netherlands is spending over €2 billion to “green” Tata Steel IJmuiden — a move framed as strategic but rooted in denial. This Dutch-language essay dismantles that illusion, showing how the subsidy weakens competitiveness, locks capital into decline, and drains national innovation.
A sharp, evidence-based read for leaders who believe true strategy means investing in tomorrow — not subsidizing yesterday.