Commentary
A recent column in the Financial Times,” America ( Still ) Has No Industrial Policy”, by Rana Foroohar, touched on some issues that have long troubled me about what purports to be U. S. industrial policy—the practice by which governments encourage certain sectors of business and industry to advance national, state, or local economies. The latest example are, of training, the CHIPS and Science Act of 2022 and many” Green New Deal” demands.
It had been a extended- position taboo in Washington policy circles, and especially among conservatives, to improve a regional business policy. Ironic, because almost every government and president from both parties took action to promote business and industry in their area of responsibility at the state and municipal rates. However, the party line at the national level was” does- do” capitalism, the state does n’t “put its finger on the level of personal company”….
