The US has historically not been good at industrial policy and is learning slowly; even when implementing industrial policy for legitimate reasons (reducing dependencies, aiding stockpiles, reducing supply chain vulnerabilities), the US is inducing economic distortions.
factualpending
Speaker
Jim BakerEvidence Quote
“Generally, we've never been that good at industrial policy and we're learning, I'll say slowly, um, and inducing distortions in our economy along the way. Oftentimes...for good reason to reduce dependencies or to aid stockpilings or reduce supply chain dependencies.”
Created: 8/11/2026, 6:35:07 AM
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