"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

Jaksot(360)

“Every Person Is Ready to Die for Our Country”: Five Ukrainians on Life Inside Putin’s War Zone

“Every Person Is Ready to Die for Our Country”: Five Ukrainians on Life Inside Putin’s War Zone

Imagine running from your home, from a foreign army, knowing that every decision you make could be the difference between life and death—stay or flee? Turn left or right? Leave at 5 a.m. or 6 a.m.? Th...

8 Maalis 202221min

SPECIAL DOUBLE EPISODE: What Putin Will Do Next and the West’s Unprecedented "Financial War" on Russia

SPECIAL DOUBLE EPISODE: What Putin Will Do Next and the West’s Unprecedented "Financial War" on Russia

There are two wars happening right now. There is a military conflict led by Vladimir Putin in Eastern Europe that we should all hope ends as soon as possible. And there is an economic and cultural war...

2 Maalis 202258min

Russia’s Economic Meltdown, Putin’s Big Mistake, and the West’s Financial War Against Vlad and the Oligarchs

Russia’s Economic Meltdown, Putin’s Big Mistake, and the West’s Financial War Against Vlad and the Oligarchs

Things are moving very, very fast in Vladimir Putin’s war against Ukraine—and in the global response to punish Russia. The U.S. and Europe are not engaged in a literal war against Putin, and hopefully...

1 Maalis 202232min

How Putin's War Will End

How Putin's War Will End

Quagmire. Regime change. Conquest. Empire. World War III. Derek considers five ways that the war in Ukraine could end with Paul Poast, a professor of foreign policy and war at the University of Chicag...

25 Helmi 202244min

What Vladimir Putin Wants—and How Russia’s War in Ukraine Could Reshape the World

What Vladimir Putin Wants—and How Russia’s War in Ukraine Could Reshape the World

Derek explains why three years—1989, 2008, and 2014—are the key to understanding why Putin is willing to take a massive risk in invading Ukraine. Then, Derek asks five expert guests to walk him throug...

25 Helmi 202231min

Four Brilliant Frames for Finding the Next Big Thing, With Venture Capitalist Josh Wolfe. Plus, What's Eating Tech Stocks in 2022?

Four Brilliant Frames for Finding the Next Big Thing, With Venture Capitalist Josh Wolfe. Plus, What's Eating Tech Stocks in 2022?

All-star VC Josh Wolfe of Lux Capital joins the show to talk about picking winners and losers, tech's rough start to the year, and his four favorite mottos for detecting BS and seeing reality clearly....

22 Helmi 202247min

The Great Debate: What's the Single Most Amazing Sports Statistic in U.S. History?

The Great Debate: What's the Single Most Amazing Sports Statistic in U.S. History?

Wilt Chamberlain’s 100-point game. Joe DiMaggio’s 56-game hit streak. Jerry Rice's gazillion receiving records. Which of these athletic achievements is the most impressive in American sports history? ...

18 Helmi 202255min

What American Media Is Getting Wrong About Canada’s Big Protests

What American Media Is Getting Wrong About Canada’s Big Protests

What if I told you that the anti-vaccination trucker protests in Canada weren’t principally about vaccines or truckers (or even Canada)? The Atlantic’s David Frum joins to set us straight about what’s...

15 Helmi 202226min

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