“Decades of assuming that govt actors don’t know enough to intervene in the marketplace have created a self-fulfilling prophecy in which govt actors actually don’t know, because they have never done industrial policy, have never been taught to do industrial policy, and lack the appropriate institutions and information to do it well, even if they abstractly knew how. Parts of the govt that used to be directly engaged with economic planning have withered away” @henryfarrell https://crookedtimber.org/2023/04/13/industrial-policy-and-the-new-knowledge-problem/