Coordinating Market Actors for the Public Good: Competition Policy as the Industrial Policy of Democratic Economic Governance

We argue that industrial policy characterizes the ways that governments shape markets in order to achieve a specific outcome, especially during moments of economic transition, and that competition policy provides the means for industrial policy strategies to achieve an outcome essential to the health of democratic societies: democratic economic governance. Competition policy provides governments with powerful legal tools to ensure that markets remain fair, open, and resilient and that dangerous