What has the Covid-19 pandemic and the race for vaccines taught us about government and private sector capabilities? How should we think about questions related to free trade, the global economy, and collaboration among scientists internationally? According to Scott Lincicome, a leading international trade attorney and senior fellow at the Cato Institute, the pandemic powerfully demonstrates the importance of an America that is open to trade, scientific talent wherever it is found, and an economy that is open to the world. While not denying a pivotal role for government in the arc of scientific innovation, Lincicome argues that the private sector in America should focus on its traditional strengths in research and development while advancing trading relationships with our partners around the world. At the same time, he argues, we should resist the growing temptation to pick winners in the economy as it leads to cronyism and corruption.
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