What Economists Got Wrong About America’s Industrial Policy | Marc Fasteau, Ian Fletcher SVIC #52

If you are a SVIC supporter (patreon.com/svic or YouTube channel member) and would like us to ask them a question live, use this link: https://rebrand.ly/guestQA Marc Fasteau and Ian Fletcher, from the Coalition for A Prosperous America, joins us to talk about his latest book "Industrial Policy For The United States" ( Get a copy here: https://amzn.to/3Cnmebe). In this book, the authors make the bold case that such laissez-faire ideas have failed and that a robust industrial policy is the best way for America to remain prosperous and secure. Join our free weekly newsletter so you don't miss all of the tech news: https://svic.substack.com/ Startups: Have questions about being acquired by a large tech company? Jordan has worked on 150 acquisitions during his time at Google and Slack. Reach out to Jordan at https://rebrand.ly/talktojordan Follow us: Threads: www.threads.net/@svicpodcast Twitter: https://x.com/svicpodcast LinkedIn: https://www.linkedin.com/company/svicpodcast Tiktok: https://www.tiktok.com/@svicpodcast Instagram: https://www.instagram.com/svicpodcast Spotify: https://podcasters.spotify.com/pod/show/svicpodcast Show hosts Joe (Eng VP) and Jordan (M&A Deal Lead) worked at various companies from Google, Apple, Facebook, Microsoft, Salesforce, Slack, Carta, Splunk, Wealthfront, Adobe, and more. Chapters 00:00 Introduction to Industrial Policy and Its Importance 10:20 The Case Against Industrial Policy 15:07 The Historical Context of U.S. Industrial Policy 19:50 China's Industrial Policy and Global Ambitions 24:14 America's Shift from Industrial Policy 29:14 Identifying Advantageous Industries for the Future 34:21 Dynamic Efficiency and Economic Growth 36:58 The Role of Government in Technological Advancement 39:47 Rebuilding Industries and Consumer Costs 43:18 Union Strategies and Economic Adaptation 48:30 Currency Valuation and Local Markets 51:58 Industrial Policy and Supply Chain Development 54:57 Policy Recommendations for Economic Recovery 55:35 Introduction and Call to Action