I am worried when these programs are not just about particular objectives, like helping to fight climate change or promoting resilience. I think we should have supported the semiconductor industry in ways that focused on semiconductors and let the companies figure out whether childcare was an important aspect of their recruitment strategy. We need to make sure that there's a strong general national security rationale for it rather than just a desire to help American workers vis-a-vis foreign workers and foreign companies. And frankly, I think we have too much enthusiasm for the idea in the current moment where people just like any rationale for the government getting involved in planning, directing, managing every aspect of the economy.
We turn to economist and former Treasury Secretary, Lawrence Summers, to help us make sense of inflation, Silicon Valley Bank and what Biden should do next. Also on the agenda: why Summers believes in a politics and economics of opportunity — “not of envy.” Plus, why he thinks America needs more people like Jeff Bezos and Bill Gates.
Questions? Comments? Email us at on@voxmedia.com or find us on Twitter @karaswisher and @nayeema
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