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A must read in @TheProspect.
Hamilton always gets the love on industrial policy, but @GaneshSitaraman recovers Franklinian, Madisonian, and Jacksonian traditions as well. https://twitter.com/GaneshSitaraman/status/1304113040111988736
Hamilton always gets the love on industrial policy, but @GaneshSitaraman recovers Franklinian, Madisonian, and Jacksonian traditions as well. https://twitter.com/GaneshSitaraman/status/1304113040111988736
It's vital that we try to ground industrial policy in American traditions and institutions, as @oren_cass @AmerCompass are doing among conservatives... https://www.manhattan-institute.org/resolved-that-america-should-adopt-an-industrial-policy
As well as the lessons learned by progressives from the New Deal's experimentation with industrial policy. @FeliciaWongRI draws on some of those lessons here. http://bostonreview.net/politics/felicia-wong-policy-bedrock-true-new-deal
In the US context, industrial policy has to be sensitive to the manifold veto points, i.e. if I were gambling my own money, I'd bet it would go in the direction of a "fourth branch of government" a la Fed or RFC, with bipartisan governing structure. https://medium.com/@toddntucker/building-a-modern-rfc-540105f27c66
Alternatively (or in addition to), it could be stood up on the back end of the regulatory process through overhauling how we do cost-benefit analysis and international agreements, as @rdnayak and I write here. https://greatdemocracyinitiative.org/document/oira-2-0/
There are a lot of options to the "how." But we've passed the point on "if" we will do industrial policy.
The climate crisis demands it, as @HendricksB @rgunns @SamTRicketts write here. https://democracyjournal.org/magazine/56/the-greatest-mobilization-since-wwii/
The climate crisis demands it, as @HendricksB @rgunns @SamTRicketts write here. https://democracyjournal.org/magazine/56/the-greatest-mobilization-since-wwii/
And rising inequality and COVID mean we'll need industry-wide approaches to rebuilding labor markets and worker power, as @sharblock @WorkerPowerLaw have been hammering home. Industrial policy can help. https://today.law.harvard.edu/labor-day-2020-how-covid-19-has-changed-the-workplace/
