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The industrial policy illusion

Watch now: Samuel Gregg on why the new consensus is wrong

From the progressive left to the nationalist right – in Washington or Westminster – a new consensus is forming. It argues that government should play a larger role in the economy, and that using industrial policy to achieve the economic outcomes we want is just common sense

As president of the American Institute for Economic Research, Samuel Gregg has spent years making the case for free markets. But he knows that dismissing the new consensus is not enough. It needs to be understood, and engaged with on its own terms.

He joins Marc Sidwell to map how far the turn away from free markets has gone, why it’s proved so seductive across the political divide – and what those who disagree are going to have to do about it.

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