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
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You're much smarter and better than this.
"They've all got a chronic case of the Stupids!" is some reddit level shit.
You know the answer. You actually said it in your original jeremiad in this thread. San Franciscan and Chicagoan political elites have a relative value preference that prioritizes fealty to their political orthodoxy over real-world solutions. Why? Because it sustains and supports their status within their political groups, thus growing their access to power and resources. It is an elite circle cannabalizing the plight of normies for their own game. This is actually one of the closest things to consensus on The Motte - the ways to deal with it are the sources of argument.
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