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Partner of choice. The business of making microchips is vast. It underpins the entire global economy. No other industry has the same mix of complexity,

brutal capital intensity and hard science.

And no other industry is as potentially explosive.

You're listening to Money Talks on Economist radio,

our weekly podcast on the markets, the economy and the world of business.

I'm Ratch Neshan Bog, finance editor at The Economist.

And also on today's show,

Buy American orders President Joe Biden, but will Americans actually benefit?

If you, the government, are bidding on one thing,

you are essentially pulling away resources from elsewhere in the economy.

And why do rich countries struggle to tackle big problems?

Economist Mariana Matsukato makes the case for a modern moonshot.

Without that, this is just going to be a top-down process which at best

catalyzes some investment but doesn't actually also get people to believe again

in what government is for and what we can solve together when we put our minds to it. But first, earlier this month, Honda, a Japanese carmaker had to temporarily shut its

factory in Swindon, a town in Southern England.

Not because of Brexit or COVID-19, the reason was a shortage of microchips.

...