Riskgaming How to turn around America’s tech-industrial decline, now
19 snips
May 8, 2025 
Kelvin Yu, a fellow at the Foundation for American Innovation and editor of the Techno-Industrial Policy Playbook, dives into America's tech-industrial landscape. He discusses the alarming trends of financialization since the 1970s and critiques its impact on U.S. competitiveness. Yu highlights the playbook's 27 proposals aiming to revamp manufacturing and technology against Chinese competition. He emphasizes the importance of collaboration between Silicon Valley innovators and policymakers to revitalize America's industrial prowess and enhance national security.
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Conscious Decline Is Reversible
- America’s decline in industrial and tech production was a conscious policy choice over decades.
- This means the decline isn’t inevitable and can be reversed through smart policymaking.
Financialization Reduced Production
- Financialization prioritized profit growth over sustaining production capacity in the U.S.
- This resulted in outsourcing parts and industry consolidation despite growing geopolitical risks.
China's Strategic Tech Vision
- Chinese leadership views technology as essential for national strength and has long integrated systemic reforms to build it.
- U.S. lacks this level of seriousness partly due to complacency from prolonged success.