On October 7, President Donald Trump proclaimed a “National Manufacturing Day,” recognizing that “the strength of our Republic rests on the strength of our industries and the determination of our workers.” It is his administration’s latest move to support the reindustrialization of the American heartland. The proclamation caps off numerous successes of the past nine... Read more about: America’s Hidden Industrial Policy The post America’s Hidden Industrial Policy appeared first ...| The American Mind
On the surface, America looks like an unrivaled success story. Yet beneath the headline numbers lies an economy increasingly dependent on foreign production, hollowed out in critical industries, and unable to provide secure, high-wage work for many of its citizens.| Coalition For A Prosperous America
This year, GM swapped positions with Ford. GM is the most exposed to China while Ford has declined to No. 5.| Coalition For A Prosperous America
CPA’s chief economist emeritus, Jeff Ferry, has gone back to school in his semi-retirement years. This time, though, it was a speaking gig at the University of Florida’s new Semiconductor Institute in Gainesville.| Coalition For A Prosperous America
Much is said of the grand political ambition to support innovation and growth. Every MP and senior official wants to encourage certainty and stability, increase investment, reform the economy to drive up productivity, prosperity and living standards across the UK. This is all good and well but rarely do these warm wishes translate into how… [Read More]| Civitas: Institute for the Study of Civil Society
CPA Economist Andrew Rechenberg gave his testimony and answered questions in a four- panelist hearing. It was arguably the most agreeable hearing in years. A bipartisan consensus on America’s generic drug supply chain is nearly fully formed now.| Coalition For A Prosperous America
Titled “The New Biotech Cold War: The U.S. Medicine Can’t Afford to Fall Behind China,” the report shows how U.S. biotech – long a pillar of national strength – no longer has a guaranteed edge globally.| Coalition For A Prosperous America
The Trump administration’s Section 232 investigation into pharmaceutical imports is reportedly close to being final. The final investigation’s success will depend largely on whether or not the Commerce Department determines that there is a crisis in the generics industry — an issue that President Trump highlighted back in 2023.| Coalition For A Prosperous America
Strong enforcement against trade fraud isn’t optional—it’s essential to rebuilding our industrial base and securing long-term prosperity for American communities.| Coalition For A Prosperous America
The U.S. Shipbuilding Base has Withered Since the 80s; Latest CPA Report Examines What’s Needed to Bring it Back| Coalition For A Prosperous America
Last month’s announcement that the U.S. government had obtained a 10% equity stake in U.S. semiconductor giant Intel raises big questions about the government’s role in the market economy. The government historically has invested in (and sometimes briefly taken over) firms in key sectors in response to national crises—most recently, the 2008 financial crisis and the COVID-19 pandemic. Such investments ... Intel and US Government Investments in American Companies The post Intel and ...| Truth on the Market
Fifteen years ago, I wrote that Democrats couldn’t build things anymore, and that Dems needed to better balance regulation with production.| The American Prospect
The Congressional Budget Office (CBO) upped the ante on their estimate for fiscal deficit reduction last week, all due to higher tariffs that kicked into effect this month. Tariffs are offsetting tax cuts signed into law this summer in the One Big Beautiful Bill (OBBB).| Coalition For A Prosperous America
A report from the IRPP shows how a smart industrial policy strategy can help Canadian governments address unprecedented challenges.| IRPP
Equity stakes, loophole closures, and protecting domestic industries might make sense in someone else’s hands. Not from a president with no strategy or plan.| The American Prospect
In a letter to the Commerce Department, Warren blasts the actual deal between the Trump administration and Intel, even as she supports the concept of equity stakes.| The American Prospect
The European Union has a well-established playbook for regulating industries dominated by U.S. firms: Identify a market where American companies are global leaders; Draft sweeping legislation grounded in vague principles like “fairness” or “sustainability”; and Create a regulatory structure that imposes disproportionate burdens on the largest and most successful (and usually foreign) companies. The EU’s ... The EU Proposes a DMA for Space The post The EU Proposes a DMA for Space...| Truth on the Market
Trump just announced a partial nationalization of one of America’s biggest tech giants. This is not contrary to Biden-era industrial policy but an extension of it, as well as an opportunity for greater public control over private capital.| Damage
The splashy new liberal rag says there is no war on workers and doubles down on open borders. Future President Steve Bannon must be thrilled.| Damage
It’s Trump, not Mamdani, who’s having government take over businesses.| The American Prospect
Today on TAP: Trump’s version is a joke. But even our version would have limited benefits.| The American Prospect
Both the United States and China are pursuing national policies to promote the development of artificial intelligence (AI). In the United States, the White House’s recently announced AI Action Plan features a deregulatory approach to drive innovation and build an AI infrastructure that could be exported overseas. The Chinese government’s AI plan instead proposes a ... US-China AI Competition in the Spotlight The post US-China AI Competition in the Spotlight appeared first on Truth on the ...| Truth on the Market
On May 7th 2025, the Chilean government confirmed a report published earlier that morning: Chinese companies BYD and Yongqing Technology (Tsingshan Group) had abandoned their planned lithium cathode production facilities in Chile. This announcement dealt a significant blow to the ambitions of a country with a longstanding mining tradition, now striving to build industrial capabilities […]| Developing Economics
(I write a monthlyish opinion piece for Barron’s. This one was published there in April. My previous pieces are here.) | J. W. Mason
CFIUS warned that Nippon Steel could reduce U.S. steel output and harm critical industries. U.S. Steel executives, meanwhile, stood to personally profit tens of millions of dollars from this disastrous deal, putting their own financial interests above those of American workers and national interests.| Coalition For A Prosperous America
Elizabeth Popp Berman writes that the history of the antimonopoly movement and industrial policy in the United States shows that antitrust and industrial policy, currently considered by many to be in conflict, can complement each other in pursuit of shared goals.| ProMarket
Energy security has taken on new importance in wake of Russia’s invasion of Ukraine. We can use existing tools to confront these challenges without sacrificing our climate goals.| Employ America
MP Materials, the only active rare earths mining company in the U.S., is making great progress. And yet at the same time, the company just reported a financial loss. The contradiction illustrates the challenges involved for the U.S. in rebuilding a rare earths industrial capability.| Coalition For A Prosperous America
This post is the second in a series that uses the history and economics of the American semiconductor industry to ask big picture questions about the future of fiscal policy and industrial policy.| Employ America
The much-lauded CHIPS Act is not going well. And TSMC, which is supposedly to be one of the Act’s biggest beneficiaries, is starting to hedge against a failing industrial program. Since its passage 16 months ago, the Act’s implementation led by the Commerce Department has done very little| Interconnected
Many “global historians” argue that the British cotton industry was the product of (unintentional) infant industry protection from Indian competition in the 18th century. The various Ca…| pseudoerasmus
Some caveats and reservations about the Napoleonic blockade paper on the infant industry argument that’s making waves. My caveat: protection persisted for decades after the blockade and may h…| pseudoerasmus
British Tariff Protection after 1774: Competition, Innovation, & Misallocation, plus a note on Weaving This is an addendum to a post about the Calico Acts, which had prohibited within Britain t…| pseudoerasmus
