![]() ![]() ![]() ![]() Sullivan named clean-energy policies and promoting semiconductor manufacturing as examples of molding the economy to meet political goals. It deploys targeted public investments in these areas that unlock the power and ingenuity of private markets, capitalism, and competition to lay a foundation for long-term growth." "A modern American industrial strategy identifies specific sectors that are foundational to economic growth, strategic from a national security perspective, and where private industry on its own isn't poised to make the investments needed to secure our national ambitions. Sullivan boasted that his boss breaks from the free-market past with ideas for economic planning. It had given way to a set of ideas that championed tax cutting and deregulation, privatization over public action, and trade liberalization as an end in itself." "The vision of public investment that had energized the American project in the postwar years-and indeed for much of our history-had faded. First, America's industrial base had been hollowed out," White House National Security Advisor Jake Sullivan complained during an April speech at the Brookings Institution. "When President Biden came into office more than two years ago, the country faced, from our perspective, four fundamental challenges. ![]()
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