From semiconductors to electric vehicles, governments are identifying the strategic industries of the future and intervening to support them – abandoning decades of neoliberal orthodoxy in the process. Are industrial policies the key to tackling twenty-first-century economic challenges or a recipe for market distortions and lower efficiency?
The university systems in the US and Continental Europe couldn't be more different. Which works better? The answer is clear: America's by a long shot.
European universities are generally based on three misguided principles:
This system is supposedly more egalitarian than America's system of higher education, which many Europeans look down on as elitist. In reality, Europe's system typically produces less research, worse students (especially at the doctoral level), and is probably less egalitarian than the US system.
To continue reading, register now.
Subscribe now for unlimited access to everything PS has to offer.
Subscribe
As a registered user, you can enjoy more PS content every month – for free.
Register
Already have an account? Log in