On the Way to the Industrial Accelerator Act

After months of delays, internal frictions, leaks, and sensational claims that EU industrial policy is going “full China”, the long-anticipated proposal for an Industrial Accelerator Act (IAA) is expected in early March. The IAA represents a continuation and deepening of the Commission’s new industrial policy, distancing itself from a deeply entrenched constitutional imaginary in which the economy was governed primarily through rules designed to enable and protect competitive coordination.