"Whether it’s fixing externalities or providing public goods, the economic rationale for industrial policy is very strong."
@drodrik.bsky.social on how many critiques of industrial policy fail to meaningfully distnguish from a more general distaste for government.
www.ft.com/content/3487...
ft.com
Dani Rodrik: doing industrial policy right
The Harvard economist on ‘the new economics of industrial policy’, China’s subsidies and Joe Biden’s record