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

The Biden Administration Is Using Industrial Policy and Computer Chips to Achieve Social Goals

The Biden administration is trying to use one program to accomplish two very different goals. One goal is establish more chip manufacturing in the US instead of China. The other goal is further various important progressive priorities like universal childcare, more unions,. More union pay and stop companies from using cash to buy back shares.

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