The Return of Industrial Policy

Advanced capitalist countries have recently rediscovered the role of industrial policy to build out key economic sectors like semiconductors and AI. But what happens if business is the one calling all the shots? In this episode of the podcast , Vivek Chibber discusses how developing countries used industrial policy in the past, why the United States and Europe are now turning to greater state intervention, and how one could build a new social democratic alliance between the state and…