The Politics of Industrial Policy in the United States

2019 ◽  
pp. 47-67
Author(s):  
B. Guy Peters
Keyword(s):  
United States ◽  
Industrial Policy ◽  
The United States

Industrial Policy: A Solution in Search of a Problem

1983 ◽  
Vol 25 (4) ◽  
pp. 5-15 ◽  
Author(s):  
Charles L. Schultze
Keyword(s):  
United States ◽  
Federal Government ◽  
Industrial Policy ◽  
Industrial Structure ◽  
The United States ◽  
Economic Conditions ◽  
American Labor

Evidence from the 1970s does not support the view that the United States is “deindustrializing.” Nor is there evidence that, in periods of normal (nonrecession) economic conditions, American labor and capital cannot successfully make the gradual but inevitable transition from older to newer industries and occupations. There is no need for a new “industrial policy” under which the federal government attempts to influence industrial structure by some combination of “picking the winners” and “protecting the losers.” Industrial policy is not the secret of Japanese industrial success. And in the American political and governmental structure, such a policy would almost surely do much more harm than good.

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