Mark Carney and Donald Trump are imposing sweeping industrial interventions. Photo by DAVE CHAN,ANDREW CABALLERO-REYNOLDS / AFP via Getty Images The escalation of government intervention in the economy into the realm of industrial statism noted in an earlier column is now taking over Prime Minister Mark Carney’s Canada and President Donald Trump’s United States. The policy is explicit and formalized in Canada, implicit and personal in the U.S., but both are in violation of two of the long-standing objections to such sweeping industrial interventions. One objection is the seemingly obvious issue of the inevitable corporate gaming of the planners and politicians. Trump’s orchestration of Washington’s planned acquisition of 10 per cent of U.S. chipmaker Intel has rightly been linked

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