After decades of laissez faire, neoliberal economic policy enabling industry to take whatever shape it pleased, segments of both the right and the left have come to a startlingly similar conclusion: we don’t much like the shape of our industry.
The manufacturing jobs had shifted elsewhere as companies sought cheaper labour in a free-trade world, sapping many domestic communities of economic prosperity and a part of their cultural identity. His lack of follow-through notwithstanding, Mr. Trump broke from Republican tradition and ran on a pledge to reinvigoratepaired nicely with heavy doses of xenophobia and nationalism.
Mr. Biden has introduced two major pieces of industrial policy: a bipartisan bill to incentivize the domestic production of semiconductors, and the Inflation Reduction Act, which is focused on green technology. Mr.
and inflation. But his anti-institutionalist attacks have been mostly limited to specific governmental bodies, such as the Bank of Canada and “municipal gatekeepers,” and lack true economic direction. A supposed free-market libertarian, Mr. Poilievre has stayed mostly silent about Mr. Trudeau’s industrial policy push, possibly in recognition that his base may actually quite like the return of manufacturing jobs.