The export-import bank's China program lacks vision

Monday, September 21, 2020

Industrial policy that uses tariffs and subsidies to pick economic winners is once again in vogue among intellectuals. The rationale is to prevent China from “dominating” the global market with its subsidies while boosting American jobs and manufacturing. While I believe it’s unwise to mimic China’s policies to tamp down the danger of its authoritarianism, I’m amazed at cynics who support such policies but make no effort to adopt a serious strategic plan to achieve this goal.

To continue reading
For more than 115 years, the Southeast Missourian has written the first draft of local history. We have aspired to enrich, entertain, educate and inform. Our core values have remained firm: truth, service, quality, integrity and community. Support our mission.