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flag The U.S. is expanding government involvement in key industries like clean energy and semiconductors through targeted laws, signaling a shift toward state capitalism amid economic and security challenges.

flag The United States is increasingly adopting ad hoc state capitalism, with government interventions in key industries growing amid economic challenges. flag Policymakers are making targeted investments and providing support to sectors like clean energy, semiconductors, and advanced manufacturing, often through legislation such as the Inflation Reduction Act and CHIPS Act. flag While these efforts aim to boost domestic production, strengthen national security, and address climate goals, they reflect a shift from traditional market-driven models toward more active government involvement in the economy. flag The approach lacks a unified strategy, leading to concerns about inefficiency, uneven outcomes, and long-term fiscal sustainability.

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