How Companies Can Adapt to More Government Intervention
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HBR IdeaCast
For example, if you look at the Inflation Reduction Act, and the Infrastructure and Investment and Jobs Act in the United States, two policies that had very large both demand side and supply side subsidies targeting, for example, renewable energy, that really got the attention of European leaders who said, “Gee, this is going to draw investment out of Europe into the United States, because of the level of the subsidies.” In the formulation of the policy, I think it is helpful for business leaders to try to help educate, so that those who are making the policy have a more complete view of how the world works, and what the implications of that policy will be.