Part 9/12:
When questioned about the administration’s industrial policies, Hassett defends targeted government actions, such as investments in critical minerals and semiconductor manufacturing. He points out the necessity of government intervention in specific sectors facing supply chain vulnerabilities, especially in light of Chinese dominance in critical raw materials.
He also discusses the rationale behind government stakes in companies like Intel, emphasizing that such investments are intended to ensure technological and economic security, not socializing industries or controlling votes.