In an op-ed for the Washington Post last week, Florida Sen. Marco Rubio outlined why he now believes in industrial policy—done right. “In the past, Republicans outsourced such decisions to ‘the free market,’ which meant some combination of nationless corporations and Communist China,” he wrote. Most of his piece (rightly) criticizes the Biden administration’s foray into industrial policy—meaning government support for favored or strategic industries—through recent laws like the CHIPS Act and the Inflation Reduction Act. Still, besides a few vague references to “supporting critical industries” and relying on “export quotas,” the senator left his preferred alternatives largely up to the imagination…. (Read more)