What's Wrong With Industrial Policy? | Adam Thierer

Hold These Truths with Dan Crenshaw

Dan Crenshaw

Politics, Energy, Healthcare, News, World, Society & Culture, Regulations, Finance, America, Freedom

4.6 • 16K Ratings

🗓️ 16 February 2022

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

What is industrial policy and what role has it played in trade, supply chains, free markets, and diplomacy? Adam Thierer takes us on a tour of the pitfalls and boondoggles that happen when government picks the winners and losers in American industry. Find out (most of) what you need to know about this important subject in less than 25 minutes - along with what happened to the flying cars we were promised!

Adam Thierer is the Senior Research Fellow at the Mercatus Center at George Mason University. He serves on the U.S. Chamber of Commerce’s Artificial Intelligence Commission on Competitiveness, Inclusion, and Innovation. He is the author of "Permissionless Innovation: The Continuing Case for Comprehensive Technological Freedom" and "Evasive Entrepreneurs & the Future of Governance." Follow Adam on Twitter at @AdamThierer.

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Transcript

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0:00.0	We hold these truths to be self-evident.
0:02.0	That all men are created.
0:04.0	Because the member of Congress, I get to have a lot of really interesting people in the office.
0:07.2	Experts on what they're talking about.
0:09.2	This is the podcast for insights into the issues.
0:11.6	China, bioterrorism, Medicare for all, in-depth discussions.
0:16.0	Breaking it down into simple terms.
0:18.0	We hold these truths with Dan Crenshaw.
0:24.8	Welcome back folks.
0:26.0	I'm going to look at the topic of today's podcast.
0:30.0	It's going to be industrial policy.
0:32.0	I'm sure a lot of you are thinking what the heck does that mean.
0:34.0	Generally means government trying to make the economy do things.
0:38.0	That's generally what it means.
0:40.0	We're voting this week in the House on a bill called the Compete Act.
0:44.0	I'll give you a quick summary of that.
0:46.0	I'm going to bring in an expert on Adam Fierer to help us work our way through this.
0:52.0	What industrial policy actually is.
0:54.0	What's in the Compete Act?
0:56.0	First of all, a lot.
0:58.0	Hundreds of billions of dollars of spending.
1:00.0	As you can imagine, it is the Democrats after all.
	...

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