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A country's infrastructure (including transportation, telecommunications and energy industry) is a major enabler of industrial policy. [6] Industrial policies are interventionist measures typical of mixed economy countries. Many types of industrial policies contain common elements with other types of interventionist practices such as trade ...
"Today, an oligarchy is taking shape in America of extreme wealth, power, and influence that literally threatens our entire democracy, our basic rights and freedoms, and a fair shot for everyone ...
Trump’s whole “America first” philosophy, in fact, is a pledge to modulate technological progress and globalist efficiency by inserting some circuit breakers that protect jobs and living ...
To Hanke, industrial policy has two cousins that, when added to the classic version, make the blow to growth and productivity far worse than “picking winners” alone. Sanctions is one of them.
For example, the purported purpose of the US penal system is to assist offenders in becoming law abiding citizens [3] yet the prison–industrial complex subsists upon high inmate populations, thus relying on the penal system's failure to meet its goal of criminal reform and re-entry. In these types of cases, government agencies are often ...
Paul Kennedy posits that continued deficit spending, especially on military build-up, is the single most important reason for decline of any great power. The costs of the wars in Iraq and Afghanistan were as of 2017 estimated to run as high as $4.4 trillion, which Kennedy deems a major victory for Osama bin Laden, whose announced goal was to humiliate America by showcasing its casualty ...
Rowthorn [11] argues that Marx's theory of declining (industrial) profit may be regarded as one of the earliest explanations of deindustrialization. This theory argues that technological innovation enables more efficient means of production, resulting in increased physical productivity, i.e., a greater output of use value per unit of capital ...
America is facing a looming supplier pipeline challenge–but tackling it would have huge economic and social payoffs. America’s new industrial revolution is creating a procurement economy.