…. The bigger story of the bill is an economic one: That the era of free markets is falling out of fashion, replaced by government-mandated industrial policy.
The trend appears bipartisan.
The shift in attitude began under Donald Trump, whose trade representative, Robert Lighthizer, wrote in an essay that ideal trade policy had to be about more than cheap goods and should prioritize domestic manufacturing and working-class jobs.
A new strategy paper released this week by the White House underscores the extent to which the Biden administration shares this view.
The China class will ensure it’s all bullshit.
