Summary:
- The article discusses the UK government's Industrial Strategy, which aims to boost productivity and economic growth through targeted interventions and investments.
- The author argues that the Industrial Strategy is flawed, as it relies on the government picking "winners" and trying to direct the economy, which can lead to inefficient allocation of resources and stifle innovation.
- The article suggests that a more hands-off approach, focused on creating a favorable business environment and reducing regulatory burdens, would be more effective in promoting economic growth and competitiveness.