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Todd N. Tucker Profile picture
Todd N. Tucker
@toddntucker
Director, Industrial Policy & Trade @RooseveltInst @RooseveltFWD. Political scientist researching economic transitions & administrative states. PhD.
Junior_prompt_engineer Profile picture JustHangin Profile picture 2 subscribed
Apr 11 • 23 tweets • 7 min read
Fantastic panel @HarvardMWC on lessons we can learn from global experiences with industrial policy, with @rodrikdani @straightedge @myrto_kaloup and @rohlamba.

Myrto talking Chinese shipbuilding excess capacity. Has 50-70% market share today. Image Conference organized by @Rohan_Sandhu. Details here.
hks.harvard.edu/centers/wiener…
Apr 3 • 10 tweets • 4 min read
NEW from me @RooseveltFwd: How Biden's comments on US Steel's tie up with Japan's Nippon company indicate what a Foreign Policy for the Middle Class might look like in practice.
rooseveltforward.org/2024/04/03/bid… The idea of reorienting foreign economic policy to build labor power and combat inequality was articulated by @JakeSullivan46 @jennifermharris and others in a series of essays and reports in 2019-20.
foreignpolicy.com/2020/02/07/ame…
Mar 25 • 6 tweets • 2 min read
BREAKING from @AP: @Energy agency announces $6 billion to slash emissions in industrial facilities.

@JenMcDermottAP @anniesartor @SecGranholm @alizaidi46 and me on why this is game changing, and could allow the US to catch up/ lead on industrial decarb.
apnews.com/article/climat… The mix of projects funded here is exciting, including a range of technologies to be deployed by US leader @CLE_CLF, and even projects by Sweden's SSAB.
energy.gov/oced/industria…
Jul 27, 2023 • 21 tweets • 7 min read
"EVEN IF YOU’RE CONVINCED that unionized labor is sclerotic and expensive and an impediment to production, cutting them out creates the very real risk of losing the coalition necessary to sustain green industrial policy."
@ddayen responds to @ezraklein.
prospect.org/economy/2023-0… I am sympathetic to Klein's wish to live in a society with more corporatist labor arrangements.
https://t.co/5jiumaovWrnytimes.com/2023/07/16/opi…
Image
May 28, 2023 • 10 tweets • 6 min read
Want government that builds super fast, without the pesky guardrails of civil society input, local government consultation, or environmental or safety permitting?

Ladies and gentlemen, Erdogan's Turkey.

Via @suzyhans @NewYorker.
newyorker.com/magazine/2023/… The last 70 years of development economics has been technocrats & engineers slowly learning that you can't wish away politics and institutions. If your developmental strategy can't work politically and institutionally, it can't work.

See @Isabel_Estevez_.
rooseveltinstitute.org/publications/u…
May 12, 2023 • 5 tweets • 2 min read
The Biden administration just released guidance on the domestic content bonus for the Inflation Reduction Act's clean energy subsidies.

What's this all about?

Read-along thread on these latest Made-in-America incentives.

home.treasury.gov/news/press-rel… Here are reactions from @SecYellen @SecGranholm @SecretaryPete, noting the boom in clean energy investments and production, that will now have incentives to use domestic supply chains. Image
May 3, 2023 • 4 tweets • 2 min read
So much good in this piece by @djrothkopf:

How Bidenomics Has Finally Defeated Reaganomics.

Digs deep on work by @JakeSullivan46 @jennifermharris and others.
thedailybeast.com/how-bidenomics… "Some old school economists who have been peddling the failed or damaging policies the administration has sought to undo decried the fact that the new approaches represented too much meddling with markets by government officials.

But of course, that is just the point."
Apr 27, 2023 • 25 tweets • 6 min read
What is the Biden administration’s international economic agenda?

National Security Advisor Jake Sullivan (@JakeSullivan46) kicks off a @BrookingsInst talk on the New Washington Consensus. Image Elements of new thinking:

- Markets don't always allocate capital in socially optimal ways
- Trade liberalization shouldn't be pursued for its own sake
- Privileging finance over real economy was a mistake
- Economic integration doesn't lead to alignment on other values
Apr 27, 2023 • 6 tweets • 4 min read
ICYMI - @Isabel_Estevez_ and me @rooseveltinst on the four takeaways from this week's industrial policy event.
rooseveltinstitute.org/2023/04/26/fou… 1. From @sameerafazili, Fixing economic vulnerabilities requires rebuilding administrative capacity.

“The private sector doesn’t have the tools, information, or sometimes the will to solve these systemically significant supply chain vulnerabilities.”
vimeo.com/821356837#t=10…
Apr 26, 2023 • 14 tweets • 9 min read
NEW REPORT @rooseveltinst:

"Industrial Policy Synergies: Reflections from Biden Administration Alumni," featuring essays from

@sameerafazili @JaneAFlegal @jennifermharris @janellecj @ksabeelrahman and @superwuster.

PLUS VIDEO, BLOG, & MORE.

🧵👇Thread
rooseveltinstitute.org/publications/i… The US is embarking on a once-in-a-generations reshaping of our economy, to make it more equitable, sustainable, and resilient.

Industrial policy is the central tool, but this is an all-of-government enterprise. It needs supportive policies in other domains to be successful.
Apr 2, 2023 • 4 tweets • 2 min read
Yep, these are some of the biggest investments (including I believe the biggest one?) in US history, and rightly require suites of complementary policies and inputs.

This is economic development, not just widget maximization. On the list of things I am worrying about, governors not returning Intel's calls is not up there.

If that starts happening, or if firms that get subsidies dither or misuse resources, there are tools the feds have to fix this.
rooseveltinstitute.org/publications/p…
Mar 30, 2023 • 4 tweets • 4 min read
Addressing the #BuyCleanAmerica conference @ThirdWayTweet @BGAlliance :

@alizaidi46 on the role of climate office: We must remain focused on the political economy of what it takes to succeed, not just be greenhouse gas accountants. Image Panel on heavy industry decarbonization, with @Ben_Beachy, Christina Walrond, @hebahkassem , and Kevin Dempsey of @aisisteel, who notes the US steel industry is among the cleanest in the world, but that virgin steel will still be needed (and that probably requires CCUS). Image
Mar 27, 2023 • 12 tweets • 8 min read
What do collapses of Silicon Valley Bank and Signature mean for Biden's industrial policy?

Over at @DemJournal, @STOmarova and I have thoughts, in this new essay:

Industrial Policy Requires Public, Not Just Private, Equity.

🧵👇
democracyjournal.org/arguments/indu… We argue that the turn to industrial policy can play a vital role in reconnecting finance to the real economy—but only if industrial policy is seen holistically as a comprehensive economic development strategy, and not just as a way to onshore the making of particular widgets.
Mar 22, 2023 • 4 tweets • 2 min read
"The US has adopted a simple strategy that immediately incentivises businesses to invest while the EU is coming with a political framework that lacks precise elements and misses simple, clear cut reasons for businesses to invest,” said Belgian chemicals company Solvay CEO. CEFIC trade association head:

"They don’t fund the building of a plant. They fund the day you start operating through tax breaks, so you actually make a profit,” he said. “The US has a business case and Europe makes a law . . .”
Mar 21, 2023 • 20 tweets • 7 min read
Opening the "Building the Green Transition", @rgunns kicks off a day of All Things Permitting. Image Anthony Rogers-Wright points out that NEPA is not the only problem when it comes to permitting. Image
Jan 26, 2023 • 16 tweets • 8 min read
NEW @ForeignAffairs from @FeliciaWongRI and me:

A Tale of Two Industrial Policies:

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…
Jan 10, 2023 • 15 tweets • 8 min read
Strong second.

I loved working with terrific editors @monkeycageblog, including @ejgraff @ErikVoeten @henryfarrell @vanessa_lide @ProfSaunders @segoddard and others, who helped make my academic and policy commentary legible to a wider audience.

11 hits of gratitude. Thread👇 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, 2023 • 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. Image
Jan 7, 2023 • 4 tweets • 2 min read
Frustration with American legalism, from 1894 AFL convention, in Fishkin and Forbath 2022 Image Corporate chartering as abdication of constitutional responsibility of federal government, provided for in commerce clause Image
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. ImageImageImageImage 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?