Worst Argument Ever?

Dani Rodrik points out that government interventions in areas such as "education, health, social insurance, and macroeconomic
stabilization" are

"targeted on a loosely-defined set of market imperfections that are rarely
observed directly, implemented by bureaucrats who have little capacity to
identify where the imperfections are or how large they may be, and overseen by
politicians who are prone to corruption and rent-seeking by powerful groups and

Absolutely correct.   The obvious conclusion?  Industrial policy is a good idea.  I kid you not.


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