Ronald Reagan must be turning over in his grave.
- A Republican president is pushing protectionist policies that hurt American consumes and taxpayers.
- A Republican president and Congress are spending like drunken sailors (apologies to drunken sailors).
- Now some Republican politicians are promoting a version of central planning called “industrial policy.”
This newfound flirtation with industrial policy, mostly from nationalist conservatives, is especially noxious since you open the door to cronyism and corruption when you give politicians and bureaucrats the power to play favorites in the economy.
I’m going to cite three leading proponents of industrial policy. To be fair, none of them are proposing 
full-scale Soviet-style central planning.
But it is fair to say that they envision something akin to Japan’s policies in the 1980s.
Some of them even explicitly argue we should copy China’s current policies.
In a column for the New York Times, Julius Krein…
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Utopia, you are standing in it! 
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