How the Biden administration is executing its new industrial policy:
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Dear reader,

The COVID recession, the supply chain crisis, and the desperate
need for renewable energy have triggered new thinking on the need to
establish an industrial policy for America that didn't just talk about
reclaiming technological leadership and domestic manufacturing, but
actually put resources toward getting it done. After the CHIPS and
Science Act, the Inflation Reduction Act, and the bipartisan
infrastructure law, hundreds of billions of dollars have been targeted
towards implementation.

But the challenges are immense.

The Prospect has been arguing for this revitalization of the industrial
base for decades, led by our co-founder and co-editor, Robert Kuttner.
Now that Washington has finally come around to his position, Kuttner
looks at how the government must navigate numerous pitfalls to build an
industrial policy that works.

Will the private sector, fueled by government subsidies, create
good-paying, union jobs that benefit communities? Will we bring this
industrial revolution to fruition and balance environmental safety with
the practical disruption? Will we harmonize economic nationalism with a
set of geopolitical concerns that always seem to take precedence?

You can read Kuttner's story here >>
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READ MORE >>
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This story is part of our latest issue on implementing the Biden agenda,
giving readers an inside look at how policy is being turned into
reality. You can read all of the stories at prospect.org/implementation.
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READ THE IMPLEMENTATION ISSUE >>
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You can help support this work by becoming a member today
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of the reader support we receive funds our editorial mission:
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If you're already a member, THANK YOU!

We can't undertake reporting like this without you. And if we don't
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I WANT TO SUPPORT THIS IMPORTANT WORK >>
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Thanks for your consideration.

Sincerely,
David Dayen, Executive Editor
The American Prospect

 

 

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