����vlog����

March 5, 2025, Opinion: "After decades of being relegated to the fringes of the mainstream economic conversation, industrial policy has been having a moment. Broadly defined as efforts by governments to shape their economies by targeting specific industries, companies, or economic activities, it has been criticized by market-centric economists as being both inefficient and prone to abuse. For market purists, industrial policy has evoked images of heavy-handed, Soviet-style central planning or the stifling, state-centric protectionism that stunted economic growth in many Latin American countries for much of the 20th century. “The government shouldn’t be picking winners” was a mantra repeated over and over, everywhere from free market think tanks to the halls of Congress to CNBC."