ChinaTalk Industrial Policy: How the Green New Deal's Architects Would Do IP
May 14, 2021
Saikat Chakrabarti, former Chief of Staff for Alexandria Ocasio-Cortez, and Zack Exley, progressive operative from the Bernie Sanders campaign, dive deep into the creation of the Green New Deal. They discuss how bold leadership can reshape economic policy and critique the Democratic Party’s hesitance towards industrial strategies. The duo also reflects on America's unique industrial potential, contrasts U.S. and Chinese investment approaches, and emphasizes the importance of skill development for young activists. It's a fascinating exploration of progressive innovation amidst political challenges.
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The Rise of Neoliberalism
- The Democratic Party's shift away from government intervention in the economy wasn't accidental.
- It resulted from a deliberate, multi-decade effort by corporate interests to establish a new economic worldview.
Hayek's Influence
- Hayek's "Road to Serfdom", initially intended for a limited academic audience, reached a vast American readership through Reader's Digest.
- This contributed significantly to the shift in public opinion towards neoliberal ideas.
Green New Deal's Origins
- The Green New Deal aimed to shift the climate debate towards large-scale industrial policy and direct investment in clean energy.
- It was born from the Justice Democrats' and Brand New Congress' focus on industrial investment as a problem-solving approach.
