#208: Building a Competitive Edge: The Role of Industrial Policy in America's Economic Revival with Ian Fletcher and Marc Fasteau
Hosted by Santosh Sankar on April 9, 2025
Summary
During this episode, Santosh is joined by Ian Fletcher and Marc Fasteau, Co-Authors of “Industrial Policy for the United States: Winning the Competition for Good Jobs and High-Value Industries." In this conversation, Marc and Ian emphasize the need for a strategic approach to support key industries, highlighting the importance of government-sponsored research, trade protection, and a competitively valued currency. The conversation also covers the role of tariffs, workforce development, and the necessity of a unified economic strategy. The group advocates for intentional policies to foster economic growth, innovation, competitiveness in the global market, and more.
Show Notes
Highlights from their conversation include:
- Introducing Marc and Ian and the New Book (0:41)
- Defining Modern Industrial Policy (4:33)
- Industry-Based Economic View (5:35)
- Importance of Industry Selection (7:23)
- Global Perspectives on Industrial Policy (11:25)
- Three Pillars of Industrial Policy (17:26)
- List of Industrial Policy Tools (19:16)
- Granularity of Industrial Policy (25:27)
- Role of Tariffs in Industrial Policy (26:49)
- Workforce Development and Automation (29:00)
- Future of U.S. Industrial Policy (30:58)
- Challenges of Policy Silos (31:36)
- Hope for Unified Discipline in Industrial Policy (32:24)
Dynamo is a VC firm led by supply chain and mobility specialists that focus on seed-stage, enterprise startups.
Find out more at: https://www.dynamo.vc/