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The Revolution Underway in United States Industrial Policy
United States industrial policy is undergoing a revolutionary change, with important implications for innovation. The historic understanding of the purpose of federal industrial policy is to support the federal government responsibility to maintain employment, stability, and growth. But today federal industrial policy is being defined by a new set of aggressive policy measures, intended to influence private sector investment decisions and how firms operate. The measures are breathtaking in financial scale and scope and enjoy bipartisan support in congress and from the administration.
John Deutch is an Institute Professor Emeritus at the Massachusetts Institute of Technology. He has published over 160 technical publications in physical chemistry, as well as numerous publications on technology, energy, international security, and public policy issues.
Mr. Deutch served as Director of Central Intelligence from May 1995-December 1996. From 1994-1995, he served as Deputy Secretary of Defense and served as Undersecretary of Defense for Acquisition and Technology from 1993-1994. John Deutch has also served as Director of Energy Research (1977-1979), Acting Assistant Secretary for Energy Technology (1979), and Undersecretary (1979-80) in the United States Department of Energy.
In addition, John Deutch has served on the President's Nuclear Safety Oversight Committee (1980-81); the President's Commission on Strategic Forces (1983); the White House Science Council (1985-89); the President's Foreign Intelligence Advisory Board (1990-93); the President's Commission on Aviation Safety and Security (1996); the President's Commission on Reducing and Protecting Government Secrecy (1996-1997); and as Chairman of the Commission to Assess the Organization of the Federal Government to Combat the Proliferation of Weapons of Mass Destruction (1998-99). He was a member of the President's Committee of Advisors on Science and Technology (1997-2001) and a member of the National Petroleum Council (2008-2018).