5min chapter

Plain English with Derek Thompson cover image

"Industrial Policy" Is the Hottest Idea in Economics. What Could Go Wrong?

Plain English with Derek Thompson

CHAPTER

What Is Vertical Abundance?

The US has a shortage of purified neon gas, which is used to make semiconductors. The two big producers of it were Russia and Ukraine up until recently. It's not good that a vital industry like semiconductors is dependent on only a handful of suppliers in very risky parts of the world. "I don't think the answer is autarchy," he says.

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