This episode of The Dig is brought to you by our listeners who support us at Patreon.com

and by The New Press, which has loads of great titles, perfect for dig listeners like you.

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Welcome to The Dig, a podcast from Jacobin Magazine. My name is Daniel Denver,

and I'm broadcasting from Providence, Rhode Island. Behold a new American industrial policy.

Behold by Dynamics. The Inflation Reduction Act, the Infrastructure Investment and Jobs Act,

and the Chips and Science Act. The proclaimed goals of bydynamics are to speed a green energy

transition to confront climate change, revive American manufacturing and union density,

and check China's economic and military power. President Biden recently described the

economic agenda as a, quote, fundamental break from the economic theory that has failed America's

middle class for decades now, trickle down economics. National Security Advisor Jake Sullivan

criticized, quote, a set of ideas that champion tax cutting and deregulation, privatization over

public action, and trade liberalization as an end in itself, synthesized in the belief, quote,

that markets always allocate capital productively and efficiently. The Biden administration,

...