David L. Bahnsen is the managing partner of a wealth-management firm and a frequent writer and public commentator on matters of economics, faith and work, and markets.
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Industrial Policy for Me but Not for Thee
The World Bank flips on industrial policy — embracing the same state control it long warned would backfire.
The World Bank has spent three decades saying industrial policy is a bad way to go -- stunting growth, creating bad signals, and facilitating suboptimal outcomes. But now, lo and behold, they claim that government management of an economy can be a very good idea, as long as it is done the way they suggest. The internal contradictions in this statist mess are easy to see, and we’re not having it. You shouldn’t either.
Show notes: WSJ on World Bank reversal on industrial policy
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