AI Snips
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Episode notes
Define Industrial Policy Broadly
- Industrial policy means government actively shaping which sectors and places of the economy should thrive.
- Felicia Wong argues this bird's-eye approach is intuitive but needs better public messaging.
Neoliberal Turn Changed Expectations
- Neoliberalism pushed markets to pick economic directions starting in the 1970s.
- Wong says that shift reduced government's role in shaping employment and infrastructure outcomes.
Markets Left Many Communities Behind
- Letting markets 'rip' produced regional booms and busts and rising inequality.
- Wong links this divergence to hollowed-out manufacturing and low-paid care work.