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Is a solid, econ-literate discussion of Elizabeth Warren's "economic patriotism" proposals happening anywhere? To my untrained eye it looks like a semi-opaque nationalization scheme, but I don't know enough to feel confident that I can keep my eye on the ball
Specifically, I'm confused/concerned by: 1) The "Green Manufacturing Plan," which seems to have the federal gov commissioning a huge volume of products, many for export 2) The lambasting of American companies, multinationals & global capital in the initial Medium post
"Where's the nationalization?" The GMP calls for enough contracts in clean energy to create ***1 million jobs.*** For comparison, there are ~2.1M fed gov staff total. Gov would select/resell/export huge product volumes. Would totally warp (if not destroy) the private industry...?
Some folks must assume the federal government will do a pretty good job of running a centralized energy industry, especially if they're throwing stacks of cash at it. I am *way* skeptical. I'd choose a much smaller pool of funds with better incentive alignment any day of the week
I'm immediately a bit concerned by any plan that involves a government commissioning, controlling the manufacture process of *and* reselling products, because again, this looks sneakily like industry nationalization. But I wanna be super clear that I'm unsure of what I'm missing
You assume it's actually thought through as opposed to being thrown out to test the waters
Read Medium article & I've been researching for a couple of hrs, found some additional articles about GMP but can't find a detailed multi-step draft > aside of t 3 'Green Elements'<- it appears that it is all in the PR campaign abstract rn
Particularly I have issues w/ Green Industrial Mobilization. She assumes people are going to automatically align to her program by some 'sudden motivational force' like WW2 did in 40's. That is delusional. I don't think we are at that point of cohesion.
Out of context #1 sounds like an extremely bad idea, absent more info about marketing plans. Have you ever read Goldratt's _The Goal_? Nice business fiction that's also a performance tuning guide. He warns against manufacturing for inventory which this #1 sounds like.
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