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> Industrial policy will always fail if it’s driven by a chimeric political system I think you're begging the question here that a chimeric political system c
by Majromax 2y ago
> Industrial policy will always fail if it’s driven by a chimeric political system
I think you're begging the question here that a chimeric political system can craft an effective, long-term tariff policy if it can't craft a long-term industrial policy.
In both cases, the operative phrase is long-term. IF they're to be effective, either set of policies needs to look a decade ahead, and an industrial policy still wins compared to shotgun tariffs.
- walterbell 2y agoThe Miran paper envisions long-term investment in US industry, e.g. see recent TSMC-Intel partnership and $100B investment in US manufacturing, brokered by the current administration.
- oblio 2y agoDidn't Biden make a huge agreement with TSMC, already?
- walterbell 2y agoThis more than doubles the previous investment, https://techcrunch.com/2025/03/03/tsmc-pledges-to-spend-100b-on-us-chip-facilities/ https://techcrunch.com/2025/03/03/tsmc-pledges-to-spend-100b... TSMC previously pledged to pour $65 billion into U.S.-based fabrication plants and has received up to $6.6 billion in grants from the CHIPS Act, a major Biden administration-era law that sought to boost domestic semiconductor production. The new investment brings TSMC’s total investments in the U.S. chip industry to around $165 billion, Trump said in prepared remarks.