September 25, 2025
U.S. industry policy has shifted from avoiding direct government involvement in markets to actively taking stakes in and extracting profits from private companies. In this article in the San Francisco Business Times, Sean Randolph, Senior Director of the Institute, argues that instead of emulating state-driven models like China or Russia, the U.S. should focus on easing regulation, funding R&D, and investing in talent to maintain its tradition of private sector led growth.