RECOMMENDED READING
Issues 2024: Industrial Policy
Crop Cash
Rebuilding U.S. Industry via Green Transition Makes No Sense

Anyone searching for an economic road map to the Biden presidency might find hints of one in a 40-page research paper written, appropriately enough, by the United Automobile Workers union. The document, originally published in 2018 and titled “Taking the High Road: Strategies for a Fair E.V. Future,” argued that even in the face of foreign competition, the American automobile industry could continue to provide well-paying manufacturing jobs — but only if the government invested huge sums in electric vehicles.

But if Biden and his more activist advisers are able to make good on their promises, the White House’s economic policy over the next four years will look very different from that of the most recent Democratic administration. They hope to modernize key industries and counter an economic threat from China, swiftly emerging as the world’s other superpower. They may even scramble political coalitions at home. “There are a lot of areas of potential overlap,” says Oren Cass, a former Republican policy aide and the founder of American Compass, which pushes to make conservatism more worker-friendly. Cass, whose research and advocacy group has argued for rebuilding manufacturing and reducing Wall Street’s influence over the economy, adds: “There’s a hypothetical governing majority to be drawn around the things we’re talking about that doesn’t exist within either party.”

Continue Reading at The New York Times Magazine
Recommended Reading
Issues 2024: Industrial Policy

A strong industrial base is vital to workers and their communities, the rate of technological and economic progress, and national security.

Crop Cash

Support America’s farmers, but not with subsidies

Rebuilding U.S. Industry via Green Transition Makes No Sense

The US needs an industrial finance authority with a long-term commitment to drive both public and private capital, writes Oren Cass.