Project Socrates was a classified U.S. Defense Intelligence Agency program established in 1983 within the Reagan administration. It was founded and directed by physicist Michael C. Sekora to determine why the United States was unable to maintain economic competitiveness—and to rectify the situation. When Reagan's presidential term ended and the Bush administration came to the White House, Project Socrates was labeled as "industrial policy", and began to fall from favor. As a result, in April 1990, the program was defunded.