The Industrialization Playbook

This week, we talk industrial policy. Economist and author Steve
Keen joins me to shine light on the present moment by exploring
the historical use of tariffs and industrial policy in the
development of industrial powers from Britain to China. In his
usual style, Keen aims to dismantle the myths of free-market
economics, explaining how virtually every successful industrial
nation began with protectionist policies. With the US now engaged
in a trade war with Canada and other nations under Trump's
renewed tariffs, we examine whether such measures can effectively
rebuild American industry without the comprehensive industrial
policies that powered China's meteoric rise. Hint: Keen believes
this simplistic tariff solutions may create more chaos than
revival for America's industrial base.