It has been two years since more than $2 trillion in new US industrial policy initiatives were signed into law. However, despite the much‐publicized increases in construction spending and numerous announcements of future investments—there has been little actual evidence of the manufacturing boom that these government programs were supposed to catalyze. Instead, many projects have been delayed or, in the case of electric vehicles and offshore wind, canceled altogether, owed to both changing market conditions and many of the same economic, regulatory, and political hurdles that have long plagued US industrial policy efforts.
Please join the Cato Institute as we detail past US industrial policy efforts, the long‐standing problems these initiatives have faced, and whether today’s US industrial policy projects appear to be heading for the same unfortunate conclusion.
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