Industrial Policy Debate
The discussion delves into the complexities of industrial policy, questioning whether expert committees can truly outperform market-driven outcomes. While one perspective suggests that political influence can be mitigated through careful design, the argument raises concerns about the practical implementation of such policies. Ultimately, the conversation highlights the risks of cronyism within a democratic framework, suggesting that ideal capitalism remains elusive in political systems.In this clip
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EconTalk
Michael Munger on Industrial Policy
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