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John Hutton

John Hutton

1 commentaries

Lord Hutton of Furness was UK Minister of State for Health in 1999-2005; Chancellor of the Duchy of Lancaster and Minister for the Cabinet Office in 2005; Secretary of State for Work and Pensions in 2005-2007 and for Business, Enterprise, and Regulatory Reform in 2007-08; and Minister of Defense in 2008-2009.

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  1. 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.

    2

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