The recent Obama and Trump administrations have progressively moved in the direction of industrial policy, but the Biden administration has jumped in with both feet. Oddly, some conservatives are increasingly comfortable with the government using industrial policy to influence outcomes they favor. In this IPI Policy Basics podcast, IPI President Tom Giovanetti and Resident Scholar Dr. Merrill Matthews explain what industrial policy is, and why it’s largely incompatible with a limited government, free-market philosophy, while also acknowledging that political reality will always be pushing toward rather than against elements of industrial policy.
2023_03_30_PolicyBasics_Industrial_Policy