If Washington is going to be a shareholder, it should act like one

AI Summary

Two advisors argue that if the US government takes stakes in companies to strengthen domestic industrial advantages, it should clearly justify the move and apply consistent rules. The article focuses on the principles governing government shareholding and industrial policy.

As governments increasingly seek to broaden industrial advantages, if the US is going to follow suit, its justifications should be clear, exceptional and subject to consistent rules, two advisors argue.