Donald Trump is already picking winners and losers in business. Good.

It's time America got over its skepticism of industrial policy

Donald Trump.
(Image credit: REUTERS/Mike Segar/File Photo)

Back in early 2016, an appliance manufacturer named Carrier decided to move 1,400 jobs from its plant in Indiana to Mexico. Then Donald Trump happened.

Looking to make good on Trump's promises to restore American jobs and manufacturing, the incoming administration started talking with Carrier soon after the election. On Tuesday, the president-elect and Carrier struck a deal to keep "close to 1,000 jobs" in Indiana.

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