The Triumph of Intangibles
Risk Talking
00:00
Is There a Role for Industrial Policy?
There is a case to be made that with intangibles, there's a high fixed cost and higher probability of failure. I was a government advisor on the UK's industrial strategy in kind of 2017-2018. There is a sense in which as soon as government people take control of the agenda, it can get rapidly quite removed from business concerns. University research has quite a lot of perverse incentives.
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