Industrial Policy
The U.S. Economy Has Drifted into the “Great Uncertainty”
The U.S. economy has drifted into the Great Uncertainty, which is defined as a multitude of contradictory data signals, a greater emphasis on state-led industrial policy (with massive amounts of...
A Successful Industrial Policy Requires Skilled Workers
“Industrial policy” has gained prominence over the last several years, occupying a prime place in the policy agendas of both political parties. It is also one of the few areas...
The High Price of the U.S. Military-Industrial-Congressional Complex
During World War II, America churned out an incredible 297,000 aircraft. In that same conflict, the USS Essex aircraft carrier was ordered in February of 1940. Twenty-two additional Essex carriers...
Techno-Nationalism: An Industrial Policy for the Twenty-First Century
Trade relations between China and the U.S. have strained markedly in the past few years, beginning with the trade war in 2018 under the Trump administration. Tariffs and other measures...
The North American Battery Belt Is Here
The Inflation Reduction Act (IRA) of August 2022 is the cornerstone of the Biden administration’s energy and climate change policy, earmarking $369 billion for energy security and climate change. It...
The Anglosphere Needs a Customs Union
OVER A century ago, at the Royal Geographic Society in London, Halford Mackinder delivered a paper titled “The Geographical Pivot of History,” in which he argued that the rise of...
Reimagining Industrial Policy for a Technological Cold War
Last month, the United States passed the CHIPS and Science Act, one of the first pieces of national industrial policy—government planning and intervention in a specific industry—in the last fifty...
‘America Is Delivering’: Biden Signs Massive Semiconductor Bill
President Joe Biden on Tuesday signed into law a $280 billion package that aims to boost the domestic chip-making industry and scientific research. During an event on the South Lawn...
The U.S. Can’t Compete With China By Copying Its Industrial Policy
Earlier this month, the House passed a $350 billion initiative known as the COMPETES Act, which was widely promoted as a bill aimed at increasing semiconductor chip production and boosting...