Doing industrial policy is a lot like doing venture capital.It is not simply enough to spend the money. You need to spend it well. And it’s nontrivial to get return on large investments. That’s the problem with Westerners who think just cargo-cult copying the East will work.Because the best capital allocators in the West are in the private sector. Those are the tech founders and VCs. But in the East, some are actually also in the public sector. They have officials who can do math, know engineering, and take ...

Scott Jennings joins us. He's uh the author of A Revolution of Common Sense: How Donald Trump. It's not on me.No one saw me do that. Uh stormed Washington and fought for Western Civilization. Welcome.Took a book to get you on here, sir. >> We have an We have an excuse to have you on. >> Yeah, it's a great book. >> It It's a great book.Just in time for Christmas. >> I don't know how else we would have We would have necessarily had you on, but you join When did you join CNN as a as a contributor. Oh gosh.2017 ...