Skip to content
LPBN-Icon-v1 (1)
The Right Coast
A Member of the Law Professor Blogs Network

The Be More Like China Act – WSJ

By Thomas A. Smith

If imitation is the sincerest form of flattery, Chinese President Xi Jinping should feel honored by the 2,900-page bill House Democrats claim will make the U.S. more competitive. To counter China, Democrats think America must copy Beijing s industrial policy.

Last summer the Senate passed a $250 billion bill with $54 billion in handouts for the U.S. semiconductor industry and much more for government science bureaucracies. Now with Build Back Better stalled, House Democrats are rushing through their own version that leaves no liberal special interest behind.

via www.wsj.com

Industrial policy is a good idea, except in the real world. It probably won’t work for the CCP party-state either.