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Biden’s Industrial Policy Flop

February 28, 2023

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“I will make no apologies that we are investing to make America strong. Investing in American innovation, in industries that will define the future, and that China’s government is intent on dominating,” said President Joe Biden at his State of the Union address earlier this month.

For a President who campaigned as the antithesis to Trump, I can’t think of a better quote reflecting both politicians’ mutual visions of a protectionist America.

Whereas Trump sought to revitalize America’s decaying manufacturing sector under the banner of national conservatism, Biden seeks to do the same but for the purposes of promoting labor and environmental standards.

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