For decades, the U.S. let globalization run its course and hoped China would be an ally. Now the Biden administration is spending billions to bring high-tech manufacturing back home. Is this the beginning of a new industrial policy — or just another round of corporate welfare?
To find out more, check out the podcasts from which this hour was drawn: “Will the Democrats ‘Make America Great Again’?” and “Why Does the Most Monotonous Job in the World Pay $1 Million? (Update).”