Paine
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Left-wing populists aren’t currently in a position to propose legislation, as you well know. I don’t see any point in getting into the weeds of microchip policy when the discussion is about a political movement based on the economic system as a whole.Ok, then back to the question you didn't answer. You suggested left-wing populists might prefer something different than the CHIPS Act. So what is it? What did they propose? What will they propose? And how will it bring chips manufacturing back to the US?
If your answer to why you’re scared of left-wing populism is that they don’t currently have a well-thought out microchip policy, then I guess that’s your right.
My personal opinion is that the government should control manufacturing of microchips since they’re such a capital intensive industry that is vital to modern life and American national security. It doesn’t need to be left up to the private sphere. Does that make me Vladimir Lenin?
Again, left-wing populism has a definition. It’s not just hayseeds making industrial policy decisions. It is a broad ideological commitment towards democratic decision making at all levels, especially the economy. Economic decisions need to be made with the health of the people in mind rather than the health of a banker’s pocketbook.