I had a chance to moderate a great discussion with Chris Hughes, the economist and cofounder of Facebook, about his new book Marketcrafters: The 100-Year Struggle to Shape the American Economy, along with Eddie Fishman and Jessica Brandt. The book examines attempts by both sides of the political aisle to shape or manage markets for political or social ends across many industries – finance, healthcare, pharmaceuticals, semiconductors, aviation, and others. We looked at examples where these efforts had worked well (e.g. the Federal Reserve), where they hadn’t (e.g. government involvement in healthcare) and what lessons could be drawn from history (e.g. the importance of institutional accountability and responsiveness to ever-changing markets). We reviewed recent attempts to shape technology markets (AI, semiconductors) to help achieve geopolitical goals and shared perspectives on how likely they were to be successful. You can listen to the whole discussion here.