"Industrial Policy" Is the Hottest Idea in Economics. What Could Go Wrong?

"Industrial Policy" Is the Hottest Idea in Economics. What Could Go Wrong?

Under President Biden, the U.S. is pivoting toward what some people call “industrial policy”—that is, using the government to support key industries, like green energy manufacturing and the manufacture of advanced computer chips. There is a strong case against industrial policy in economics: It’s the idea that governments do not know better than markets when it comes to picking winners, and industrial policy just wastes money and distorts the economy. But there’s another view, which is that industrial policy is utterly necessary to help the U.S. build an abundance of computer chips and green energy infrastructure. Greg Ip, the chief economics commentator at the Wall Street Journal, helps us separate fear from fact as we talk about industrial policy. Host: Derek Thompson Guest: Greg Ip Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Plain English BEST OF: The Antisocial Century

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Plain English BEST OF: How to Be Happy and the Science of Cognitive Time Travel

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The American Math Crisis

The American Math Crisis

The University of California San Diego is one of the best public colleges in America. So it was fairly shocking when the school released a report on the steep decline in academic preparedness of its f...

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How Superintelligent AI Could Upend Work and Politics

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Everything Is Television

Everything Is Television

Sometimes, the perfect guest to discuss your own writing is ... you. On this special crossover episode, I am interviewed by Ben Smith and Max Tani of Semafor's Mixed Signals podcast about my recent es...

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Are Young People Screwed?

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Youth unemployment is rising. Hiring is freezing up. The housing market is a mess. How did things get so bad for young people in the economy? And are things as bad as they seem? Michael Batnick and Be...

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The Democrats Have a New Winning Formula

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This week was a straight flush for Democrats. Zohran Mamdani completed his heroic arc to become mayor of the world’s most important city. Democrats ran up huge margins in the big governor races in Vir...

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