Industrial Policy: How to Get It Right

Location: Hotung Faculty Dining Room
Date: October 22, 2024
Time:

Recently, U.S. National Security Advisor Jake Sullivan summarized the Biden Administration’s rationale for new industrial policies: “A modern American industrial strategy identifies specific sectors that are foundational to economic growth, strategic from a national security perspective and where private industry on its own isn’t poised to make the investments needed to secure our national ambitions. It deploys targeted public investments in these areas that unlock the power and ingenuity of private markets, capitalism and competition to lay a foundation for long-term growth.” In response, New York Times columnist David Brooks asked, “Will [these new policies] contribute to social cohesion and an American economic renaissance, or just become a sinkhole of debt-funded spending that will drag us to stagnation?”.

Please join the Denny Center’s Professor James Feinerman and Executive Director Bruce Shaw to discuss this and more with guest panelists AEI’s Michael Strain and the University of Michigan’s Betsey Stevenson.