EMERGENCY POD: Biden's Final Export Controls Misfire?
ChinaTalk
Biden Administration's Overoptimization Problem
- The Biden administration's approach to policy, exemplified by export controls, is hampered by overoptimization and a desire for theoretical perfection.
- This leads to slow decision-making and attempts to satisfy all stakeholders, resulting in suboptimal outcomes.
- Examples include the Inflation Reduction Act, CHIPS Act, Ukraine arms distribution, and export controls.
- A 'faster and good enough' approach prioritizing key variables would be more effective than trying to balance numerous, less impactful factors.
- This overoptimization ultimately hinders effective action and strategic decision-making.
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