Listen now (52 mins) | We’ve been hearing about the end of globalization for the better part of the last decade, and yet rumors of its demise appear to have been greatly exaggerated. The latest calls for American energy independence and re-shoring manufacturing are part of this broader trend, which seeks to insulate the domestic economy from turmoil in faraway regions. COVID-19 also brought the idea of “industrial policy” back to the forefront. While it’s hard to pin down an exact definition, Scott Lincicome of the Cato Institute relates some key features behind the misguided notion that the government must steer critical industries for reasons of national importance.
Rethinking Industrial Policy
Rethinking Industrial Policy
Rethinking Industrial Policy
Listen now (52 mins) | We’ve been hearing about the end of globalization for the better part of the last decade, and yet rumors of its demise appear to have been greatly exaggerated. The latest calls for American energy independence and re-shoring manufacturing are part of this broader trend, which seeks to insulate the domestic economy from turmoil in faraway regions. COVID-19 also brought the idea of “industrial policy” back to the forefront. While it’s hard to pin down an exact definition, Scott Lincicome of the Cato Institute relates some key features behind the misguided notion that the government must steer critical industries for reasons of national importance.