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10min chapter
Confronting Capitalism: Will Trump Fix Manufacturing?
Jacobin Radio
Challenges of the CHIPS Act
This chapter analyzes the shortcomings of Joe Biden's industrial policies, with a focus on the CHIPS Act aimed at bolstering U.S. semiconductor production. It discusses the bureaucratic hurdles and issues with fund allocation that have hindered the Act's success, revealing that funds have often been misappropriated. The chapter calls for better oversight and systemic awareness to improve the effectiveness of industrial policies in the U.S.
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