{"href":"https://api.simplecast.com/oembed?url=https%3A%2F%2Fsimplecast.econtalk.org%2Fepisodes%2Fmichael-munger-on-industrial-policy-59Kq8JvG","width":444,"version":"1.0","type":"rich","title":"Michael Munger on Industrial Policy","thumbnail_width":300,"thumbnail_url":"https://image.simplecastcdn.com/images/4ca709a1-1918-43a4-9035-1176b5aa9f2b/b8c673f8-58e7-4d4a-ab02-f83c2fd463c4/econtalknewbluecover1400.jpg","thumbnail_height":300,"provider_url":"https://simplecast.com","provider_name":"Simplecast","html":"<iframe src=\"https://player.simplecast.com/fb46317c-6a98-4ec3-8940-02b29708f544\" height=\"200\" width=\"100%\" title=\"Michael Munger on Industrial Policy\" frameborder=\"0\" scrolling=\"no\"></iframe>","height":200,"description":"Economist and political scientist Michael Munger of Duke University talks about industrial policy with EconTalk host Russ Roberts. Munger argues that in a democracy, the default outcome for industrial policy is crony capitalism--attempts to improve on that outcome either by appointing experts or eliminating cronyism are going to fail for political reasons. The conversation concludes with a discussion of the reliability of Munger's claim and what options are left for dissatisfied reformers."}