"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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China’s Spy Balloon Is Down. Cold War 2.0 Risks Are Rising.

China’s Spy Balloon Is Down. Cold War 2.0 Risks Are Rising.

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31 Jan 202348min

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“The story of 2022 was the emergence of AI," wrote Ben Thompson, the author of the Stratechery newsletter and podcast. "It seems clear to me that this is a new epoch in technology.” Ben and Derek talk...

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Why Big Tech's Jobs Bubble Burst. Plus, SBF's Scandal Deepens.

Derek breaks down the biggest economic mystery of the moment: Why are the most successful tech companies collectively laying off more than 130,000 people if the overall unemployment rate is still hist...

24 Jan 202347min

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America Isn’t Ready for the Weight-Loss-Drug Revolution That’s Coming

We have historically thought about weight as the mere outcome of our deliberate choices about diet and exercise. We have not typically thought about weight like a disease. But in the past 18 months, t...

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How Americans Got Everything About Food—Fat, Sugar, and Obesity—‘Entirely Backwards’

How Americans Got Everything About Food—Fat, Sugar, and Obesity—‘Entirely Backwards’

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17 Jan 202347min

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Last year was a bloodbath for media of all stripes. Netflix crashed, the advertising market cratered, Disney fired a CEOBob and replaced him with a CEOBob, and meanwhile, the domestic box office for f...

13 Jan 202340min

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