Paul Mueller critiques industrial policy's resurgence, noting proponents conflate it with pro-market growth. He argues government direction leads to overproduction and resource misallocation, referencing China's EV troubles
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 26 September 2025
⏱️ 13 minutes
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Summary
Paul Mueller critiques industrial policy's resurgence, noting proponents conflate it with pro-market growth. He argues government direction leads to overproduction and resource misallocation, referencing China's EV troubles
1870 MANHATTAN
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| 0:00.0 | Building a coffee business? |
| 0:01.9 | Serving the best Americano in town is up to you. |
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| 0:15.0 | you'll always know when you're running low on your best-selling blends. |
| 0:17.9 | Visit sumup.co.uk to learn more. |
| 0:30.1 | This is CBS Eye on the World. Here's John Batchelor. |
| 0:36.9 | I welcome Paul Mueller, Senior Research Fellow at the American Institute for Economic Research, graduated Ph.D. George Mason |
| 0:39.2 | University taught at King's College in New York, now writing for Civitas Outlook at Civitas Institute, |
| 0:45.0 | about free trade, about industrial policy. Here we are in the 21st century, and industrial policy |
| 0:53.4 | is an artifact of the 20th and the 19th and the 18th. |
| 0:57.9 | However, it is in question again because of the competition with large export-only nations. |
| 1:05.7 | I could mention the People's Republic of China, used to mention Germany. |
| 1:09.6 | And those export nations have industrial policies, |
| 1:14.1 | if I read them correctly. And is that something that's desirable? Does that accelerate past |
| 1:20.5 | the system that the U.S. endeavors to call free trade? All of this is attended to by Mr. Mueller, Professor Mueller, |
| 1:30.1 | and reviewing a new book that has recommendations for industrial policy. And the reason this book |
| 1:36.8 | is important is because not only is it very long and written in for experts, economists, |
| 1:43.4 | but it has a recommendation in the title, |
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