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Political Economy: Scott Lincicome: Why America shouldn't embrace industrial policy
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This week, the AEI Podcast Channel presents Wednesday's episode of Political Economy , a podcast hosted by AEI's Jim Pethokoukis. On both sides of the aisle, calls for industrial policy seem to be gaining momentum. Americans have grown more skeptical about markets in the aftermath of the Great Recession. And China’s more managed economy seems to be growing faster and rivaling the US as the technological leader of the world. Many policymakers have reacted by saying that the US government needs to embrace industrial policy and take a more hands-on approach to promoting innovation. Today's guest, Scott Lincicome, disagrees, holding that an adoption of stronger industrial policy would be…