How America and Europe Can Turn Trade Tensions Into Climate Progress foreignaffairs.com/united-states/…
This year's World Economic Forum in Davos, Switzerland turned at times into a freeform airing of grievances by EU lawmakers over Biden's Inflation Reduction Act and the impact it could have on EU producers. politico.com/news/2023/01/1…
When I had just defended my dissertation and was on the job market, @ErikVoeten encouraged me to try to develop some of my arguments around #ISDS for a policy audience. It ended up becoming a section of my book Judge Knot. washingtonpost.com/blogs/monkey-c…
Jan 8 • 8 tweets • 3 min read
The dream of the 90s is alive in Postland. washingtonpost.com/opinions/2023/…
You might have thought that an essay that started with this triumphant victory lap for Bidenomics would conclude that more of the same would be wise.
You would be wrong.
Jan 7 • 4 tweets • 2 min read
Frustration with American legalism, from 1894 AFL convention, in Fishkin and Forbath 2022
Corporate chartering as abdication of constitutional responsibility of federal government, provided for in commerce clause
Dec 24, 2022 • 4 tweets • 2 min read
"If Stanley Cohen once defined the social phenomenon of the “moral panic”, one is tempted to say that what the IRA has unleashed in Europe is a “policy panic”: an echo-chamber of zealous & intense responses to a perceived existential threat." - @adam_tooze adamtooze.substack.com/p/chartbook-18…
And here's an oped length dive from @adam_tooze on the Transatlantic politics of the IRA: An arms race on industrial policy is the last thing Europe needs. ft.com/content/c609f8…
Nov 7, 2022 • 6 tweets • 3 min read
Wow. The EU is not stopping at criticizing the electric vehicle tax credit. Instead they are taking aim at vast swaths of the climate provisions of the IRA.
Underlines the importance of @MESandbu's entreaty in today's @FT. The EU needs to decide whether it wants the decarbonization agenda the US can actually deliver, or no decarbonization agenda at all.
Ensure a livable planet, or cling to neoliberalism?
And here's an excellent illustration from @LaurenKGurley about the interconnection between industrial policy for manufacturing and the service sector (education, care, etc). Voters want both.
Oct 18, 2022 • 5 tweets • 2 min read
ICYMI -Chip manufacturer Micron announced plans to build a $100 billion factory near Syracuse that would create nearly 50,000 jobs– the largest semiconductor manufacturing investment in U.S. history. nytimes.com/2022/10/04/tec…
This investment alone is projected to bring US market share of chip production from less than 2% to over 10% in the next decade. whitehouse.gov/briefing-room/…
Time to read up on the WTO's General Agreement on Trade in Services and Modes 1 and 2. Thanks to Summers, Geithner, and others, the GATS had some consequences for financial sector deregulation lock-in. Now it could matter more broadly for facilitating offshoring of remote work.
"For the first time since the modern era of climate politics began more than 30 years ago, the United States can credibly claim to be a leader on climate change." - @robinsonmeyer breaks down the ways the IRA will reshape global climate politics. theatlantic.com/science/archiv…
This by @greenlawchina is particularly astute.
Aug 27, 2022 • 6 tweets • 3 min read
I am sympathetic to the view that - when the views of NGOs and elected officials (in legislatures, unions etc) conflict - policymakers should give a lot of deference to the latter.
But if we're going to be absolutist about this democratic theory principle on pipelines, we probably should be on student debt too.
Aug 27, 2022 • 33 tweets • 13 min read
With this nutty news cycle, neoliberal economists may have irreversibly burned the bridge to the only one of the two major US political parties that favors democracy and is against states subjecting half their population into forced labor.
Democrats Might Get Exceptionally Lucky This Fall, and They Should Be Ready for That- another great piece by @jbouie
GOP has lost generic congressional ballot lead & has flawed Senate candidates, while House Dems chances are about what Trump's were in '16 nytimes.com/2022/08/26/opi…
Bouie suggests we pivot from industrial policy to social policy, highlighting the child tax credit, reproductive rights, labor rights, and voting rights as priorities.
Yet, with the exception of voting, these could all be also conceived of as industrial policy, or related to IP.
Aug 24, 2022 • 16 tweets • 8 min read
When society runs harmful experiments on humans, society should repair the damage to those humans.
It's pretty simple, and it should be the bare minimum of living in a civil society and democracy.
This🧵 includes some important historical institutionalist-type points about the setting of when a bunch of stuff got built during the New Deal era versus the (early) postindustrial timing of the post 1970s environmental movement.
Another HI point: the China trade shock and those that preceded it, contributing to much of capital, labor, and communities seeing less of a stake in material production. Goods show up on shelves, they're cheap, which is a lifesaver since wages are kept low + there aren't unions.
Aug 11, 2022 • 7 tweets • 3 min read
It's not every (any previous?) USTR that gets invited to give a keynote at a major labor convention. Here's @AmbassadorTai at the @steelworkers convention in Nevada.
"the Inflation Reduction Act would sweeten the pot, with the government extending the full $7,500 tax credit through 2032 while scrapping the 200,000 unit ceiling, which has already affected Tesla, GM and Toyota..." washingtonpost.com/climate-enviro…
"For more modest income earners, the tax credit will be refundable, meaning that regardless of the buyer’s income, the purchase price reflects the full tax credit..."
Aug 9, 2022 • 9 tweets • 4 min read
Political lanes post-Dobbs (from smallest to largest?):
1. Forced labor, with modest increases in the social safety net. 👇
2. Forced labor, with a palpable lust for rolling back the existing safety net:
"This is not a new idea. This is a dumb old idea,” anti-tax crusader Grover Norquist of Americans for Tax Reform, said of family support — adding that it keeps showing up “like herpes or shingles.”
Aug 8, 2022 • 5 tweets • 2 min read
Absolutely bizarre editorial decision to cap off 1.5 years of coverage of dinging Dems for not passing their agenda with an above the fold opinion piece by a retired columnist whose piece is less about IRA and more about how the right economic policy is... quietism?
So children, the moral of the story is not that lack of party discipline or corruption - you know, the angles we've covered extensively - were the problem, it was trying to do anything at all. Why do you care so much? Sit back and let class discipline work its magic.