💡 自由贸易的局限性：节目首先对自由市场经济进行了全面批判，指出其在促进美国经济健康发展方面存在的不足，为后续的工业政策讨论奠定了基础。

🚀 激发创新与产业发展：文章强调了构建关键产业和点燃创新“飞轮”对于现代经济长期成功的重要性，探讨了可用于此目的的政策工具。

🏛️ 借鉴历史与国际经验：节目深入分析了国内外工业政策的成功与失败案例，从中汲取教训，为制定面向未来的美国工业政策提供指导。

✅ 政策建议：最后，节目提出了一系列具体的政策建议，旨在指导白宫和国会制定和实施有效的工业政策，以重振美国经济并确保其在全球竞争中的优势地位。

In Episode 421 of Hidden Forces, Demetri Kofinas speaks with Ian Fletcher, one of America’s foremost experts on industrial policy, about the problems with free trade and how to revitalize the U.S. economy.

Ian and Demetri spend the first hour of the episode laying the foundation for the argument Fletcher and his co-author, Marc Fasteau, present in their book Industrial Policy for the United States: Winning the Competition for Good Jobs and High-Value Industries. This portion includes a comprehensive critique of free-market economics and a systematic exploration of the tools that can be deployed to build critical industries and ignite flywheels of innovation essential to the long-term success of a modern economy.

In the second hour, Kofinas and Fletcher examine international and historical examples of both successful and unsuccessful implementations of industrial policy, discussing what went right, what went wrong, and how those lessons can inform the development and implementation of a successful industrial policy for the United States in the 21st century. The conversation concludes with a series of policy recommendations for the White House and Congress.

Subscribe to our premium content—including our premium feed, episode transcripts, and Intelligence Reports—by visiting HiddenForces.io/subscribe.

If you’d like to join the conversation and become a member of the Hidden Forces Genius community—with benefits like Q&A calls with guests, exclusive research and analysis, in-person events, and dinners—you can also sign up on our subscriber page at HiddenForces.io/subscribe.

If you enjoyed today’s episode of Hidden Forces, please support the show by:

• Subscribing on Apple Podcasts, YouTube, Spotify, Stitcher, SoundCloud, CastBox, or via our RSS Feed

• Writing us a review on Apple Podcasts & Spotify

• Joining our mailing list at https://hiddenforces.io/newsletter/

Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou

Subscribe and support the podcast at https://hiddenforces.io. Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas

Episode Recorded on 06/2/2025