this post was submitted on 04 Apr 2025
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No Stupid Questions
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No such thing. Ask away!
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What other means?
Where I live, they prop up companies with tax breaks, subsidies, sometimes will reimburse for wages even, to try to get businesses to establish and employ here.
That "chips act" was a national version, right?
We could also just do a lot more redistribution from the top, and try to advantage small businesses more. You can't do everything from the top, a lot of a real economy has to grow from the ground, right? Nationalize healthcare so it's not employer-based to encourage entrepreneurship.
I'm sure there are many more actions that could be taken - there is a huge opportunity for improvement in our economy but most of it relates to breaking up the top and growth from the bottom.
Tariffs are a tool, sure. But not the only one, and I'm not convinced they are tackling our main economic issues here, at all, certainly not as implemented. As one part of a more comprehensive progressive reform they might help but that's not the way these guys roll.
That’s a lot of failed policies to avoid direct control and regulation of industries.
And that chips act was also paired with a chipmaker’s visa to import indentured labor from Taiwan. So while it was intended to bring back manufacturing, it was never going to deliver on the empty promises of jobs.