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David Sainsbury

David Sainsbury

2 commentaries

David Sainsbury, a member of the British House of Lords, was Minister of Science and Innovation under Tony Blair (from 1998 to 2006), and is the author of Progressive Capitalism: How to Achieve Economic Growth, Liberty, and Social Justice.

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  4. rodrik174_STRAFP via Getty Images_chinafacemaskfactorymanufacturing STR/AFP via Getty Images

    China as Economic Bogeyman

    Dani Rodrik

    Many Western economists presume that governments are not very good at identifying industries that merit support, and that domestic consumers and taxpayers incur the bulk of the costs. By the same logic, if Chinese policymakers effectively targeted activities where social benefits exceed private benefits, then it is not clear why foreigners should complain.

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