by Dan Mitchell | Sep 4, 2024 | Big Government, Blogs, Economics
Four years ago, I shared a video that explained that 19th century cronyism and industrial policy in America was just as wasteful, corrupt, and ineffective as the 20th century version (think Japan) or the 21st century version...
by Dan Mitchell | Aug 26, 2023 | Blogs, Economics
Industrial policy is when politicians use subsidies, mandates, protectionism, and other forms of intervention to provide unearned benefits to a specific companies and/or specific industries. The politicians claim that the free enterprise system somehow...
by Dan Mitchell | Aug 16, 2023 | Blogs, Economics, Free Market
Bad policies (industrial policy, protectionism, rent control, minimum wage laws, etc) have a common feature, which is that politicians are trying to replace the “spontaneous order” of markets with intervention and planning. In this new video, John...
by Dan Mitchell | May 4, 2023 | Blogs
It’s baffling and discouraging that some American politicians are pushing for industrial policy when it has a track record of failure. Because of real-world political considerations, such policies inevitably get captured by...
by Dan Mitchell | Apr 2, 2023 | Big Government, Blogs
At the risk of oversimplifying, here’s the three-sentence trajectory of Chinese economic policy. Crippling communist failure and suffering under Mao.Partial reform during the “Washington Consensus” era.Backsliding to more...
