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
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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
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"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...?
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Replying to @webdevMason
Defense industry is around 2 million jobs. Is that nationalization too?
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Replying to @The_Equationist
It certainly looks a lot more like it than most industries, but it's an industry that exists purely to serve gov. Nobody wants the "benefits" of an efficient open market around war arms. Gov isn't putting in huge orders to be exported or resold domestically. Crucial distinction!
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Again, I'm not against the government buying stuff. But when the discussion turns to the federal government entering a B2B/consumer industry, especially an emerging one, shaping product via huge contracts and itself becoming a massive reseller/exporter... that's a different beast
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