The government is always practicing industrial policy, whether it acknowledges it or not. In a moment of anxiety around supply chains, this series explains how the government can directly shape markets to better serve Americans. Exploring what an expanded industrial policy toolkit might look like, this series spotlights some of the specific instruments the US has successfully deployed in the past but which are not well-known outside of academia. These tools include:
price and profit controls,
government management of the production process,
international pooling and decommodification of natural and industrial resources, and more.
A Distinctly American Industrial Policy: An Introduction