The Strange Return of the Interventionist State
One of the most surprising political trends of the late 2010s and early 2020s has been the return of state interventionism in the economy. After many decades in which the idea that the state should intervene as little as possible in the economy constituted a bipartisan article of faith, we are witnessing a new acceptance of the need for state power – for good or worse. Examples of this trend are manifold, and in some cases they are also very...