Economic View: Productivism is the Key to National Prosperity
US productivity growth has underperformed since the year 2000.
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Surge in Pharmaceutical Imports Threatens U.S. National Security as India/China Dominance Grows
KEY POINTS U.S. pharmaceutical imports have risen sharply in the last decade, with imports from China and India skyrocketing. India and China are increasingly the leading U.S. source for generic pharmaceuticals, which account for 91% of all prescriptions written in the U.S. China and India account for 57.6% of total pharmaceutical imports by weight last…
Economic View: The Coming Solar Apocalypse…and How to Prevent It
Key Points With 86 Gigawatts of planned solar module capacity and some 30 Gigawatts of imports, the U.S. market faces huge oversupply of solar modules. This will force many U.S. producers out of business, leaving the Chinese-owned U.S. facilities as the last man standing. Today, with optimism at its height, Chinese-owned facilities are building more…
China Faces Debt Meltdown. A Shift to Domestic Chinese Consumption is the Solution
China’s domestic consumption is 20 points lower than other major economies. It needs to raise consumption to address indebtedness and to raise living standards in China.
It’s No Delusion: Manufacturing is Essential for Prosperity
Recently, we’ve seen a barrage of attacks on the pro-manufacturing policies enacted by Congress in the past two years. According to The Economist magazine, the world is supposedly in the grip of a manufacturing delusion. There is no delusion. On the contrary, it is a delusion to believe that a nation in the 21st century…
Industrial Policies Gain Support in the Academy
Last month, the Wall Street Journal published an attack on Joe Biden’s industrial policies arguing that Bidenomics “needs more…economic theory or research.” This theme has been picked up by numerous other media publications. Economist and former Treasury Secretary Larry Summers appeared on a Peterson Institute video to argue that restrictions on free trade, such as…
USA Rare Earth Works to Address Severe Shortage of U.S. Minerals
A looming shortage of critical minerals is a huge challenge facing the U.S. and all industrial nations outside of China. The rare earth family of minerals is one example of the problem. Rare earths are used to manufacture permanent magnets, key components of the motors that power electric vehicles. Rare earths also figure in motors…
Manufacturing Employment Hits All-Time Low. Will IRA Reverse the Trend?
U.S. manufacturing employment hit an all-time low as a percent of the total workforce, 8.3%.
IRA Support for Solar Energy Risks Falling into China Trap that Hit Obama’s ARRA Law
China achieved domination of the global solar energy equipment industry thanks to $50 Billion+ of Chinese government subsidies.
Solar Industry’s Employment Estimates Are Out of This World
The Solar Energy Industry Association has claimed that 30,000 jobs could be lost if tariffs are reinstated on solar panels coming in from Chinese companies based in Southeast Asia. This claim is wholly fictitious, based on inflated job numbers and a purely hypothetical analysis of the sort that has been disproved by the facts again…
