MIT Technology Review, November 19, 2020
Some politicians are now championing industrial policy as the way forward. Under industrial policy, the government makes investments that the private sector is unwilling or unable to make, and which will help the country achieve certain socially desirable goals. In short, industrial policy is a form of government planning to create or support strategic industries. It was most prominent during WWII and again in the early 1980s, and today has become a central pillar of the Green New Deal.
Read the entire opinion piece here.