Industrial Policy

The Clintonites don't shrink from guiding the invisible hand with a little government largesse. Since last fall, the White House has teamed up with industry to launch initiatives in "clean" cars, advanced semiconductors, electronic packaging, and flat-panel displays. So what's next? The decidedly low-tech construction industry. The U.S. has fallen sadly behind Japan and Europe in developing new building materials and methods--for everything from houses to bridges. The idea is for industry to pick the next-generation technology, and Uncle Sam will help develop it.

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