An Economic Policy to Save Italy, and Europe
August 18, 2022How to craft an economic policy capable of saving Italy, and with it Europe? We have a few alternatives, summarized by the so-called "austerity trilemma" that affects the euro-area: You cannot have austerity (the loss of the possibility of using fiscal policy with increased public demand to counter adverse shocks and help the weakest), democracy, and a common euro currency simultaneously. We have to choose two of the three.
Security-Centric and Climate-Inclusive: Energy Policy for an Era of Great Power Politics
August 7, 2022The world is witnessing the first great power military challenge to the US-led liberal international order—an order that Russia and China have long sought to discredit and dismantle. This moment be seized upon to reorient Western thinking from its climate-centric mindset to one that’s security-centric and climate-inclusive
The True Cost of China Exposure and What To Do About It
August 6, 2022US industry is seeing the accumulated debts of decades of offshoring – and decades of offshoring to geopolitical adversaries – reach maturity. It’s time to adopt a new model. Instead of optimizing for the lowest costs, the US needs to start optimizing for resilience
The UK’s New Critical Minerals Strategy Represents a Comeback for Industrial Policy
July 28, 2022The UK government is now demonstrating that it is ready to move, and in lockstep with allies, in setting out the steps to maximize what the UK produces across the value chain and to reduce strategic dependence on China.
A Secure Industrial Strategy Starts at the Upstream
July 26, 2022In everything from batteries to solar panels, the energy sources of tomorrow depend on inputs from China. The good news is that it it's not too late. The US, its allies, and its partners can still compete. But they will have to start with the upstream.
With the Supply Crisis Accelerating, Industry Needs to Step Up Not Hunker Down
July 20, 2022For decades, bad habits have become entrenched. The country has allowed itself to auction off long-term economic prosperity in exchange for short-term profits. Now, the US must break its habits, not take false shelter in them.
