Industrial policy has been a frequent subject on Smith's blog, for those who don't follow it. (He's for it, and thinks that Biden's industrial policy was mostly good - it's worth following the links in this post.) This post focuses on defense-related geopolitical industrial policy goals and pros and cons of anticipated changes under the incoming Trump administration and Chinese responses. Particularly, he highlights two major things China can do: Restrict exports of raw materials (recently announced) and use their own industrial policy to hamper the West's peacetime industrial policy (de facto policy of the last 30 years). These are not extraordinary insights, but it's a good primer on the current state of affairs and policies to pay attention to in the near-future.
Noah Smith: Manufacturing is a war now
noahpinion.blog
- 102
- 9
Jump in the discussion.
No email address required.
Notes -
You know that for like two millennia China had a policy of "no equals, only tributaries and rebels", right? That's a large part of why the Opium Wars happened; Qing China insisted that it wouldn't treat the Western powers as sovereign nations - there were to be no negotiations, only tribute, acknowledging the Emperor as their feudal overlord, and begging him for magnanimity - and while the Dutch played along with the farce, the Empire on which the Sun Never Sets said "fuck that" and kicked over the anthill.
And the core tenet of the CPC's legitimacy is that that pratfall was a terrible injustice and that it will bring China back to the glory that preceded it.
More options
Context Copy link