America Doesn’t Need an Industrial Policy

But there are several things Washington could do to make the economy more resilient and secure

By Thomas J. Duesterberg. He is a senior fellow at the Hudson Institute. He was president and CEO of the Manufacturers Alliance for Productivity and Innovation, 1999-2011. Excerpt:

"The pandemic has highlighted the inability of technical experts to understand and respond effectively to complex medical problems. Economic problems are no less complex. History records few examples of democracies in which political leaders have successfully steered their economies by targeting industries for support. Japan gave up central planning decades ago. Europe’s efforts to create national champions have largely foundered."