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What to make of Elizabeth Warren's (@ewarren) latest trade & industrial policy plans?
In this new piece @TheNation, I argue they're as much about a theory of deploying public power to contain corporate predation as they are about discrete policy fixes.
thenation.com/article/elizab…
In this new piece @TheNation, I argue they're as much about a theory of deploying public power to contain corporate predation as they are about discrete policy fixes.
thenation.com/article/elizab…
@ewarren @thenation As the senator said in last night's debates, “Anyone who thinks that these trade deals are mostly about tariffs just doesn’t understand what’s going on.”
politico.com/newsletters/mo…
politico.com/newsletters/mo…
@ewarren @thenation That's why most of the trade plan is about things we don't typically think of as trade, like safeguarding environmental regulation, better anti-trust rules, and bringing down the cost of pharmaceuticals - all agendas limited by modern trade deals.
medium.com/@teamwarren/tr…
medium.com/@teamwarren/tr…
@ewarren @thenation The plan got flak from folks that said this undermines Franklin Roosevelt's legacy (it doesn't)...
@ewarren @thenation And that it would lead to higher tariffs or shredded trade deals with nothing in their place (it wouldn't).
@ewarren @thenation Indeed, the list of policy changes themselves are not particularly radical, as close trade observers like @sdonnan have noted.
@ewarren @thenation @sdonnan And to the extent her plan might lead to fewer new trade deals, that's not in itself a bad thing, as @geoffreygertz notes.
@ewarren @thenation @sdonnan @geoffreygertz I personally am more interested to see how the industrial policy part develops. Trade talks are time consuming and even with perfect terms are a pretty indirect way of accomplishing real world positive outcomes (like higher union density).
@ewarren @thenation @sdonnan @geoffreygertz As I argue in a report released yesterday, there's a real opening to push racially inclusive, environmentally sustainable industrial policy like the Green New Deal - and to do so democratically, as opposed to through authoritarianism (like China).
@ewarren @thenation @sdonnan @geoffreygertz And, for those that prefer this as a post, here ya go:
medium.com/@toddntucker/m…
medium.com/@toddntucker/m…
