The twin blows of a global pandemic and war in Ukraine have alerted US policymakers to extensive vulnerabilities in the U.S. industrial economy. Pentagon planners are worried about the economy’s ability to sustain a war effort, and rightly so. Meanwhile, antitrust regulators are launching lawsuits against the nation’s most innovative enterprises–enterprises that will play a pivotal role in enabling both economic and military success in the years ahead. Thus, different agencies seem to be pursuing contradictory policies. I have written a commentary for Forbes here.
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