Robert Reich, in Interview: Bringing Industrial Policy Back In
As the faith in free trade withers, industrial policy is back in. Robert Reich traces the shifting views on industrial policy among the US political class since the Great Crash of 1929, surveys the damage the free trade dogma has done over the past four decades, and discusses the economic revolution President Biden has launched. As the imperative of competitiveness in the global economy persists, how far can we really deviate from the neoliberal policy formula of free markets and open economies? And what else can we do to stay the course?