Kady McFadden and Ameya Pawar: How government and the private sector can fix complex challenges together – Chicago Tribune*

"In short, industrial policy is a public-private partnership in which a government uses a coordinated strategy that employs tax policy, incentives, public purchasing power, research grants and public enterprises to encourage economic development. Often all at once, and when done well, it works on the supply and demand side simultaneously. For examples, look no further than satellite technology, the internet and the COVID-19 vaccine."