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The Realignment

Ep. 40: Thomas Duesterberg Makes the Case Against Industrial Policy

The Realignment

The Realignment

Technology, News Commentary, National Security, Marshall Kosloff, International Relations, News, Public Policy, Economics, Politics, Saager Enjeti, U.s. Politics, Policy

4.82.5K Ratings

🗓️ 16 July 2020

⏱️ 34 minutes

🧾️ Download transcript

Summary

Hudson Senior Fellow Thomas Duesterberg joins The Realignment to make the case for why U.S. "industrial policy" isn't the best response to economic competition from China and America's vulnerable supply chains.

Transcript

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0:00.0

Marcion Saga here, welcome back to The Realignment.

0:07.0

Before we dive into the episode, another quick reminder that if you're listening to The

0:12.6

Realignment on Apple Podcasts, we would love it if you would scroll to the bottom of the

0:16.2

podcast page and rate and review us five stars.

0:19.8

It really bumps us up in the algorithm and helps people find the show.

0:23.2

You guys totally crushed it last week and we blew past our goal of getting the 300 reviews,

0:27.9

we could definitely get it to 400 this week.

0:30.3

Moving into the show, anyone who listens to The Realignment can tell that Saga might

0:33.5

definitely have a point of view on the issues we discuss.

0:36.4

One of those issues is the concept of industrial policy, which is broadly defined as a national

0:41.3

effort to identify and its support growth target in industries, right?

0:45.3

But industrial policies is seen by supporters as a response to the decline of manufacturing

0:49.9

capacity in the United States, increasing and focus competition on China through initiatives

0:55.0

that they have launched like Made in China 2025 program, which explicitly seeks to challenge

1:00.3

the US in high value sector, things like aircraft, semiconductor, production.

1:05.6

So all that being said, we think it's very great value, right?

1:08.5

In challenging one's assumptions and engaging in good faith with thinkers who hold different

1:13.6

points of view.

1:14.6

So this week we are bringing on the Hudson Senior Fellow Tom's Duster Bird onto the podcast.

1:19.6

He's going to expand on a recent Wall Street Journal op-ed where he made the case against

1:23.7

industrial policy.

1:24.7

And you're going to see a lot of disagreement during the episode of the part that I was

...

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