Today's Collaborative Click: Making the Benefits of Industrial Policy Inclusive of All Communities

Jim Woodell at Venn Collaborative
Sep 27, 2022


Today's collaborative click is an exploration from The Brookings Institution of how, if we are mindful of the myths of prosperity and the power of simple narratives, we can ensure that the "new industrial policy" (represented by recent legislation like the CHIPS and Science Act) can benefit communities inclusively, by making the right linkages for local economic development. 

Creating inclusive economic opportunities from big innovation investments in industries and places requires intentional, sustained work–but it’s not rocket science. As pundits continue to ponder who will get political credit, leaders in business, government, higher education, and other sectors would do well to focus energy on a different question: How will we make sure the workers and entrepreneurs in local communities that need it most will see real and lasting benefits? (Read more.)
Deleted
Sep 27, 2022
I appreciated the recognition of the fact that the market will not do it via the invisible hand, especially for regions who are traditionally left out of this equation.
Jim Woodell 🚀 • 1
Sep 27, 2022
Indeed, Brett. In criticizing Adam Smith's invisible hand metaphor, economist Joseph Stiglitz said "the reason that the invisible hand often seems invisible is that it is often not there." (see Wikipedia for citations)