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Industrial Policy Is Like Dieting: We Always Do It

Article Dean Baker’s Beat the Press

Industrial Policy Is Like Dieting: We Always Do It

Industrial policy is unavoidable, and the real question is whether an AI sovereign wealth fund is an effective way to support innovation and economic growth.

By Dean Baker

Person typing on a laptop with a transparent screen displaying
The Price of NATO Membership: Growing Resistance to the Alliance’s Rearmament Agenda

Article

The Price of NATO Membership: Growing Resistance to the Alliance’s Rearmament Agenda

Despite deepening divisions within NATO, member states have committed to raising military spending to 5 percent of GDP by 2035. As governments face mounting pressure to rearm, growing political and public opposition is questioning the social and economic costs of the alliance’s agenda.

By Ivana Vasic-Lalovic

AT SEA - MARCH 06: (EDITOR’S NOTE: This Handout image was provided by a third-party organization and may not adhere to Getty Images’ editorial policy.) In this handout photo provided by the U.S. Navy, An F/A-18F Super Hornet, attached to Strike Fighter Squadron (VFA) 41, is taxied on the flight deck of Nimitz-class aircraft carrier USS Abraham Lincoln (CVN 72) in support of Operation Epic Fury on March 6, 2026 in the Mediterranean Sea. Abraham Lincoln is deployed to the U.S. 5th Fleet area of operations to support maritime security and stability in the Middle East. (Photo by U.S. Navy via Getty Images)
Mostly Economics – Episode 42

Podcast

Mostly Economics – Episode 42

Dean Baker sits down with CEPR climate analyst Matt Sedlar to unpack how Trump’s cuts to FEMA and NOAA are leaving states, especially poorer Republican ones in Appalachia, dangerously exposed.

By Dean Baker

May Trade Deficit Jumps to Highest Level Since March 2025

Article Dean Baker’s Beat the Press

May Trade Deficit Jumps to Highest Level Since March 2025

The May trade deficit surged to its highest level since March 2025, driven in part by AI-related imports and undercutting Trump’s goal of reducing the trade gap.

By Dean Baker

Red triangular warning sign with an exclamation mark and
The Deadly Cost of Misguided Federal Wildfire Policy

Article Expose the Heist: Power and Policy in Unprecedented Times

The Deadly Cost of Misguided Federal Wildfire Policy

The Trump administration has reinstated a full suppression strategy to wildfires — a move that defies explanation and puts firefighters at risk.

By Matt Sedlar

Silhouette of a firefighter battling a large blazing wildfire at night. Flames and sparks light up the background, conveying urgency and tension.
The Fraudulent War on Medicaid Fraud

Article Expose the Heist: Power and Policy in Unprecedented Times

The Fraudulent War on Medicaid Fraud

The Trump administration’s ‘war on fraud’ is attempting to defund a successful anti-fraud operation in New York.

By Eileen Appelbaum

The Universal Health Services building featuring multiple windows, showcasing a modern architectural design.
Medicare Advantage Companies Bank Billions in Bonuses

Article Expose the Heist: Power and Policy in Unprecedented Times

Medicare Advantage Companies Bank Billions in Bonuses

Medicare Advantage providers are making billions in ‘bonus payments’ — one more sign of a dysfunctional, wasteful health care system.

By Brandon Novick

A stethoscope rests on a pile of U.S. dollar bills, symbolizing the financial aspect of Medical Advantage. The image conveys themes of medical costs and waste.