News Snapshot:
It wasn’t long ago that industrial policy was a topic you could not discuss in policy circles. Those who advocated a national industrial policy for the U.S. were regarded as economic illiterates, incapable of understanding that market forces, left alone, are best for the nation. But now Commerce Secretary Gina Raimondo is publicly discussing an American industrial policy aimed at economic leadership and national security, as are legislators from both parties. All this as if having an industrial policy was both natural and necessary. What happened? Certainly in recent years much was written to explain why pure market forces may...
