Commentary Just 21 percent of President Joe Biden’s proposed “infrastructure” plan is proposed to be spent on traditional infrastructure projects such as bridges, trains, waterways and roads. The remaining 79 percent, would be spent to support industrial policy and what has traditionally been called “pork barrel” projects. Of the proposed spending, 26 percent would support the administration’s proposed industrial policy, which would favor domestic manufacturing and green technology. A key example of this is the proposed $174 billion to be spent to win the electric vehicle (EV) market. It is not clear from the White House’s briefing paper how much of that money would be spent on building hard assets such as EV charging stations, nor do we know how much would be spent on federal subsidies to encourage the purchase of such vehicles. Industrial policy was especially well-used in Japan and South Korea from the 1950s to the 1980s …