Strategic pile-up
The idea that some industries are too important to leave to markets is back on the agenda
“IF WE LEARN anything from this crisis, [it is that] never again should we have to depend on the rest of the world for our essential medicines and counter-measures,” thundered Peter Navarro, a White House trade adviser, on April 3rd. A few days later President Donald Trump pressed 3M, an American multinational which makes medical masks, to divert more of them home, at the expense of other countries.
This article appeared in the Business section of the print edition under the headline “Strategic pile-up”
From the April 11th 2020 edition
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