Industrial Policy

Pass the CHIPS, Please Share This

Oren Cass | Jul 19, 2022 | Industrial Policy

Congress finally appears poised to make progress on a competitiveness bill that focuses squarely on an especially pressing need: support for the domestic semiconductor industry. The case for doing this has been well made in numerous forums, from American Compass’s own Guide to the Semiconductor Industry and analysis at National Review to the recent Wall […]

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A Template for Harnessing the Private Sector for the Public Good Share This

Marshall Auerback | Jul 01, 2021 | Industrial Policy

Markets do not naturally tend toward “equilibrium.”  They are wrecking balls if not properly harnessed. High levels of debt, which can be a source of strength (by enabling higher levels of investment than could be financed otherwise), can also be a source of vulnerability if the government fails to coordinate investment, curb excess capacity, and […]

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Operation Warp Speed Accelerated Biotech Innovation. Now What? Share This

David Adler | Jun 22, 2021 | Coronavirus

Operation Warp Speed (OWS) was a nearly miraculous COVID-19 vaccine success story. What is less widely recognized is that it has also unlocked a biotech revolution. The mRNA technologies that OWS helped bring to market have numerous potential applications, ranging from cancer treatments to hormone replacement therapies to radical new ways to treat infectious disease. […]

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No, Adopting an Industrial Policy Doesn’t Mean We’re Emulating China Share This

Rob Atkinson | Apr 14, 2021 | China

As the Biden administration and Congress consider “industrial policy” legislation (e.g., the Endless Frontier Act, the CHIPS Act, funding for shoring up domestic supply chains, and a more robust R&D credit) it’s perhaps not surprising that many pundits, journalists, and policymakers are asking how this is any different than what China is doing. After all, […]

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When Farmers Are Not Farmers And Shepherds Are Not Shepherds Share This

Micah Meadowcroft | Feb 28, 2021 | Culture

Now Abel was a keeper of sheep, but Cain was a tiller of the ground. And there have been ranchers, and there have been farmers, ever since. And whatever you think of pastoralism, or of the consequences of the agricultural revolution, there have been both good keepers of herds and good tillers of the earth, […]

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Industrial Policy Must Account for Worker Attitudes Share This

Amber Lapp | Dec 31, 2020 | Industrial Policy

In a recent post about the relationship between family trends and the skills gap I noted that for some of the young adults my husband David and I interviewed in southwestern Ohio, trauma and addiction make it difficult to take advantage of the employment opportunities that do exist. A second possible reason for the skills […]

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Potato Chips, Computer Chips: Yes, There is a Difference Share This

Rob Atkinson | Dec 23, 2020 | Industrial Policy

After a half century of neoclassical economics dominance, it has become a truism among most economists and policy makers that a nation’s sectoral composition doesn’t matter. Indeed, perhaps no canard has been more damaging to the process of putting in place a national innovation and competitiveness strategy than the notion that America can not only […]

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Industrial Policy May Have Finally Arrived: But For What? Share This

Rob Atkinson | Nov 16, 2020 | Industrial Policy

Ever since the concept of a national industrial policy was proposed in the 1970s, it has received scorn from most neo-classical economists, with those advocating it treated as the economic equivalent of chiropractors. But recently the idea is getting a new life, largely because of the growing awareness of the economic, technology and national security […]

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I Finally Agree With Krugman Share This

Rob Atkinson | Sep 26, 2020 | Industrial Policy

I never thought I would find myself in wholehearted agreement with Paul Krugman. That is, until I ran across the following passage from his 1996 book Pop Internationalism: “If top government officials are strongly committed to a particular economic doctrine, their commitment inevitably sets the tone for policy making on all issues, even those which […]

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Industrial Security Policy: New Missions for DoD, SBA and CFIUS Share This

Michael Lind | Aug 10, 2020 | Industrial Policy

Thanks to the near-criminal negligence of neoliberal globalist policymakers in both the Democratic and Republican parties, America’s national industrial base, the foundation of its global power, has eroded to the point of collapse. The microchip was invented in the U.S., but America is dependent for its microchip supply on Taiwan and other countries and has […]

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On Buy American: Trump Should Listen To Steve Bannon, Not Steve Moore Share This

Saagar Enjeti | Jul 09, 2020 | Industrial Policy

A 2020 presidential contender unveiled a 700 billion dollar ‘Buy American’ plan today to rebuild America’s manufacturing sector devastated by the coronavirus. It’s a great idea that free market fundamentalists despise and real economic conservatives have been pushing for. The only problem is that the candidate who unveiled the plan was presumptive Democratic nominee Joe […]

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Should There be Legal and Ethical Limits to National Developmentalism? Share This

Rob Atkinson | Jun 28, 2020 | Industrial Policy

ITIF recently released a report about how “innovation mercantilist” policies were instrumental in enabling China to dominate the global telecom equipment industry, and how that rise came at the expense of global innovation in this industry. A typical response to the report was along the lines of “So what. The United States had industrial policies […]

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