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-_-_-_-_-  13d ago (noahpinion.blog)   1800 thread views

Noah Smith: Manufacturing is a war now

noahpinion.blog

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.

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China doesn’t care about most of the rest of the world.

This is very inaccurate. China has so called Belt and Road initiative which is used to economically influence foreign nations. They have many projects including investing in ports, extraction of natural resources in Africa or influencing South America.

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