Dani Rodrik: What is the role of China in US industrial policy?

[@mistman5640]

The biggest issue of the professor's proposal is it looks more like Chinese 5 year plan than Milton Friedman, if one understand the Chinese system. In this frame of US China competition, looking socialist is not good for either party. US is making this an ideological fight. I expect DC policy wonks to lean towards established ideological credos. Also i dont think the decision makers in DC understands technology, the industries and the innovation process. Look at the small yard high fence policy. It is not working, and US finds itself inside the small yard. Sorry to say it, but I feel the only way to usher in some real change is a major recession.