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Jake Sullivan: How to Reindustrialize America

foreignaffairs.com · 4,501 words · saved by 2 readers

The case for a strategic investment fund.

For more than a century, America’s unmatched ability to invent, build, and diffuse technology underwrote its prosperity and power. That foundation is now under strain in a new era of state-driven competition. The economists David Autor and David Dorn have warned of a “second China shock,” not of cheap exports, but of technological primacy. Beijing is vying for global leadership across the frontier of advanced industries, including artificial intelligence, quantum computing, aerospace, next-generation energy, and biotechnology. It has done so by constructing a vast, decentralized system of…

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