Both the right and the left have now come to a startlingly similar conclusion: we don’t much like the shape of our industry
After decades of laissez faire, neoliberal economic policy enabling industry to take whatever shape it pleased, segments of both the right and the left have come to a startlingly similar conclusion: we don’t much like the shape of our industry.
The manufacturing jobs had shifted elsewhere as companies sought cheaper labour in a free-trade world, sapping many domestic communities of economic prosperity and a part of their cultural identity. His lack of follow-through notwithstanding, Mr. Trump broke from Republican tradition and ran on a pledge to reinvigoratepaired nicely with heavy doses of xenophobia and nationalism.
Mr. Biden has introduced two major pieces of industrial policy: a bipartisan bill to incentivize the domestic production of semiconductors, and the Inflation Reduction Act, which is focused on green technology. Mr.
and inflation. But his anti-institutionalist attacks have been mostly limited to specific governmental bodies, such as the Bank of Canada and “municipal gatekeepers,” and lack true economic direction. A supposed free-market libertarian, Mr. Poilievre has stayed mostly silent about Mr. Trudeau’s industrial policy push, possibly in recognition that his base may actually quite like the return of manufacturing jobs.
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