Economic Development Subsidies Create a Lot of Jobs—Mostly for Lobbyists
According to a newly published study, states that issued "extraordinarily large" economic development subsidies saw more lobbyists located in the state capital.
Industrial Policy
Michigan Spent $1.8 Billion and Only Created 602 Jobs
Gov. Gretchen Whitmer promised "generational" investments in her state, but as she leaves office, there's little to show for it.
Sam Altman's (Not So) New Deal for Superintelligent AI
The plan’s deregulatory planks merit praise. Its calls for central planning and redistribution do not.
The World Bank Used To Champion Markets. Now It's Surrendering to State-Led Industrialization.
The reversal wasn't because the economics changed. It is because their biggest shareholders turned toward industrial policy.
South Carolina Gave $1.3 Billion to Scout Motors. It's Already $150 Million Over Budget.
The company is backed by Volkswagen but still received considerable funding from state taxpayers.
From Georgia's Film Subsidies to Intel's Collapse, Industrial Policy Keeps Failing
Such attempts try to engineer outcomes while acting like political favors can substitute for market incentives.
The GOP Looks Increasingly Like a Home for Elizabeth Warren and Bernie Sanders
Many Republicans are now openly embracing ideas from the progressive playbook. Call them "Depublicans."
There Is No Such Thing as Good Industrial Policy. But Republicans And Democrats Keep Trying.
Real industrial policy has been tried—in many countries, by governments of every ideology. It fails every time for the same reason.
