PREVIEW: GUEST NAME: Veronique de Rugy SUMMARY: John Batchelor speaks with Veronique de Rugy about the Trump administration's inconsistent industrial policy. De Rugy explains it's transactional, based on "deal-by-deal" decisions, not a clear philosophy. S
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 18 September 2025
⏱️ 2 minutes
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Summary
GUEST NAME: Veronique de Rugy
SUMMARY: John Batchelor speaks with Veronique de Rugy about the Trump administration's inconsistent industrial policy. De Rugy explains it's transactional, based on "deal-by-deal" decisions, not a clear philosophy. She notes the logic is hard to follow, as it's not consistently about fighting China or semiconductors, citing Nvidia's sales to China.
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| 0:00.0 | Building a coffee business? |
| 0:01.9 | Serving the best Americano in town is up to you. |
| 0:04.1 | But winning back time and growing your business, leave that to sum-up. Take orders and payments anywhere with the new SumUp terminal. Turn occasional customers into regulars with a free loyalty program. And with the SumUp point-of-sale system, you'll always know when you're running low on your best-selling blends. Visit sumup.com.com. To learn more. This is John Batchel, speaking with Veronique to receive the Mercatus Center, George Mason |
| 0:25.0 | University, about state capitalism and industrial policy that may be true of the Trump |
| 0:33.4 | administration. Verenaic has a complicated answer because it's not clear it's one thing or another. |
| 0:40.3 | It appears, she explains, transactional and there are qualifications here. |
| 0:47.0 | The president, does he have an industrial policy? |
| 0:49.6 | Maybe. |
| 0:50.9 | That's what I've learned so far. |
| 0:53.5 | But it's not consistent |
| 0:54.9 | and it might not come back |
| 0:56.2 | is very neat to explain |
| 0:57.8 | much more of this later tonight |
| 1:00.6 | about state capitalism |
| 1:02.3 | about socialism |
| 1:04.4 | about cronyism |
| 1:06.9 | and here about industrial policy |
| 1:09.9 | sort of |
| 1:10.7 | yes it absolutely is and hear about industrial policy, sort of. |
| 1:20.0 | Yes, it absolutely is, but it's not, it's hard to follow the thread. |
| 1:22.5 | Like, why are they doing this? |
| 1:26.0 | It's not all because of building semiconductor. |
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