Our industrial policy is the F-35 https://www.emptywheel.net/2016/12/01/industrial-policy-f-35/ …pic.twitter.com/tyyj3wdr1N
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We have industrial policy no one likes to talk about: war toys like F-35. These are justified bc ... war, as distinct fr economic necessity
F-25 indust policy disastrous bc 1) there is so little competition left we have lost leverage over contractors (like UTC's Pratt & Whitney)
2) It doesn't retain the manufacturing base defense ultimately needs or jobs in places like Indy 3) it fosters more war.
But if we can fund F-35's crummy engines made by UTC's Pratt & Whitney, we can have real industrial policy that might support UTC's Carrier
Republicans don't do this!!! Oh no!! Socialism!! But our GOP President-elect just made industrial policy fair game again.
There is a tension in the Republican party between Infrastructure Keynesianism and Military Keynesianism. Guess who wins?
*has won. Given Trump's campaign promises there's no reason not to pressure him to change that.
Systematic embedded crony corruption directly resulting from decades of bipartisan Keynesianism will not change under DT.
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