Conservatives are misguided in embracing big government industrial policy
==========
Conservatives who support big government industrial policy are misguided, according to David McIntosh, a former Republican congressman. He argues that government intervention in the economy, such as burdensome regulations and crippling taxes, is largely to blame for the economic decline of industries in the US. McIntosh criticizes Senator Marco Rubio's proposal for an industrial policy, stating that it allows bureaucrats to pick winners and losers in the economy and misallocate resources. He also points out the failures of industrial policies in countries like South Korea and Germany, as well as the wasted taxpayer money on failed companies like Solyndra during the Obama administration. McIntosh argues that free-market reforms, including deregulation, tax cuts, and infrastructure investment, are the key to boosting American manufacturing and raising wages for workers.
#Conservatives #IndustrialPolicy #Manufacturing #Economy #GovernmentIntervention
https://thehill.com/opinion/finance/4610476-conservatives-are-misguided-in-embracing-big-government-industrial-policy/
The Hill /
npub1uf…vwj43
2024-04-23 11:38:06
Author Public Key
npub1uf9ht809jfjawes35uqsxnj7hyjqsdyxypewh4d869swy74vldeq0vwj43Published at
2024-04-23 11:38:06Event JSON
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"content": "Conservatives are misguided in embracing big government industrial policy\n==========\n\nConservatives who support big government industrial policy are misguided, according to David McIntosh, a former Republican congressman. He argues that government intervention in the economy, such as burdensome regulations and crippling taxes, is largely to blame for the economic decline of industries in the US. McIntosh criticizes Senator Marco Rubio's proposal for an industrial policy, stating that it allows bureaucrats to pick winners and losers in the economy and misallocate resources. He also points out the failures of industrial policies in countries like South Korea and Germany, as well as the wasted taxpayer money on failed companies like Solyndra during the Obama administration. McIntosh argues that free-market reforms, including deregulation, tax cuts, and infrastructure investment, are the key to boosting American manufacturing and raising wages for workers.\n\n#Conservatives #IndustrialPolicy #Manufacturing #Economy #GovernmentIntervention\n\nhttps://thehill.com/opinion/finance/4610476-conservatives-are-misguided-in-embracing-big-government-industrial-policy/",
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