How can the US compete with China, Inc.?

POLITICO's Off Message

POLITICO

News, Daily News, Politics

4.5 • 637 Ratings

🗓️ 10 November 2020

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

"Off Message" presents Episode 3 of the new season of POLITICO's podcast "Global Translations": The pandemic and the rise of China are prompting Republicans and Democrats to turn to government power to grow industries important to America’s security and place in the world. “Industrial policy” is an idea long reviled among Washington policymakers. Hosts Luiza Savage and Ryan Heath talk to the people trying to make industrial policy cool again. Luiza Savage is the host of "Global Translations".Ryan Heath is a host of "Global Translations". Annie Rees is a producer for POLITICO Audio. Kara Tabor is a producer for POLITICO Audio. Jenny Ament is the senior producer for POLITICO Audio. Irene Noguchi is the executive producer of POLITICO Audio.Jennifer Harris is a sentior fellow at the Hewlett Foundation, formerly at the US State Department during the Obama administration.Mariana Mazzucato is an internationally recognized economist and professor at University College London (UCL), and Founder/Director of UCL's Institute for Innovation and Public Purpose.Check out and subscribe to POLITICO's Global Translations, and China Watcher newsletters. Read Luiza Savage's article on the new industrial policy emerging in the US to counter China's ascent.Global Translations newsletter: https://www.politico.com/newsletters/global-translationsChina Watcher newsletter: https://www.politico.com/newsletters/politico-china-watcher POLITICO article: https://www.politico.com/news/2020/11/04/china-us-economy-industrial-policy-global-translation-433954 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	What happens to supply chains when trade disputes and a global pandemic collide?
0:04.9	On a special episode of global translations, presented by City, we learn how businesses are prioritizing resilience over efficiency to adapt supply chain networks in the phase of disruption.
0:14.3	Tune in November 11th, wherever you listen to this podcast.
0:17.7	Ryan, Louisa.
0:19.0	I want to talk to you about the end of history. Oh, great. I love a little
0:22.8	light midweek discussion. Please go ahead. Well, I'm just thinking back to the 1990s.
0:29.0	Astonishing news from East Germany. When the Berlin Wall had just fallen. And Wall doesn't mean
0:34.3	anything anymore. Communism was falling and democracy seemed descendant around the world.
0:39.1	And do you remember that book that Francis Fukuyama wrote?
0:41.6	The Fukyama thesis about the end of history.
0:44.2	It was one of the silliest ever propounded.
0:46.6	And the fuss it caused was inexplicable.
0:49.3	Yep.
0:49.6	And it just felt like a book that some guy in an American think tank wrote.
0:53.4	That kind of encapsulated this idea that humanity had evolved through various forms of
0:59.2	crazy forms of government.
1:00.7	You know, what I was referring to was really the growth of a kind of universal consensus
1:06.1	on the, you know, the justice, justness or the rightness of the principles of liberal democracy.
1:11.6	And Western style, liberal democracy, and free market capitalism had one at the end of the day.
1:16.9	Yeah, I guess, I mean, it must have felt that way when you're on one side of the Atlantic Ocean or the other.
1:22.9	I mean, like it was really personal for you, wasn't it?
1:25.3	Yeah, I mean, I really felt like I was living it. I was born
	...

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