An Economist opinion piece by Joshua Zoffer and Chris Miller argues quantum computing is one of the strongest cases for U.S. industrial policy due to its national-security implications and immature supply chain. The Trump administration's $2 billion investment across nine quantum companies — spanning multiple hardware architectures — is praised as a smart diversified bet. The authors warn, however, that broader federal equity investments across tech sectors need clearer guiding principles, suggesting warrants over direct equity stakes and emphasizing that intervention should be reserved for areas with genuine national-security needs that markets won't address alone.
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