This podcast episode explores the argument for government intervention in the economy, specifically in the context of industrial policy and the green energy transition. The episode discusses the role of government in addressing market failures, the concerns and considerations surrounding industrial policy, and the potential benefits and drawbacks of government subsidies to specific companies. The participants highlight the importance of government support for the development of new technologies and infrastructure, while also recognizing the potential dangers of corporate concentration and barriers to competition. Ultimately, the episode concludes by emphasizing the need for effective government involvement and regulation in order to achieve a successful green technology transition.
