South China Morning Post cited Galbraith’s INET article on American industrial policy.

Failed at free enterprise? Well, try industrial policy, China style

“In an essay published with the Institute for New Economic Thinking, economist James Galbraith argued that the US political system was no longer capable of pursuing industrial policy except at a superficial level. ‘The American state has lost the capacity for concentrated and decisive effort at the forefront of technology and the associated science,’ he wrote.”