The Modern American Industrial Strategy: Building a Clean Energy Economy from the Bottom Up and Middle Out

Recorded on March 22, 2023, this talk — "The Modern American Industrial Strategy: Building a Clean Energy Economy from the Bottom Up and Middle Out" — features Heather Boushey, a member of President Biden’s Council of Economic Advisers and Chief Economist to the Invest in America Cabinet.

Boushey is co-founder of the Washington Center for Equitable Growth, where she was President and CEO from 2013-2020. She previously served as chief economist for Secretary Clinton’s 2016 transition team and as an economist for the Center for American Progress, the Joint Economic Committee of the U.S. Congress, the Center for Economic and Policy Research, and the Economic Policy Institute.

This talk was co-sponsored by the Berkeley Society and Economy Initiative (BESI), the Network for a New Political Economy (N2PE), the Stone Center on Wealth and Income Inequality, and Social Science Matrix.

A transcript of this talk is available at https://matrix.berkeley.edu/research-article/the-modern-american-industrial-strategy-building-a-clean-energy-economy-from-the-bottom-up-and-middle-out/.

Abstract

The Biden-Harris Administration began at a time of intersecting crises, including the pandemic, rising inequality, stagnating economic growth, and the large and growing costs of climate change. The President, in partnership with Congress and state and local governments, took rapid action with policies that have spurred the strongest and most equitable economic and labor market recovery in modern history — including legislation to enhance the resilience of our supply chains, rebuild our physical infrastructure, and accelerate the transition to a clean energy economy. These historic measures, together forming the core of the Modern American Industrial Strategy, were designed with an understanding that strategic public investments are essential to achieving the full potential of our nation’s economy — one built from the bottom up and middle out, where the gains of economic growth are shared.