Public policy often shapes markets—for good or for ill. Today many are convinced that much of economic progress is attributable to the raw innovation of the private sector in a free market economy. Others claim an entrepreneurial state is essential to an innovative economy. What are we to make of state-private sector collaboration? Is it necessary, or does it constitute corporate welfare? This panel examines these questions and the implications of corporate lobbying for free commerce, economic progress, and human flourishing.