The CHIPS and Science Act is not sufficient or effective industrial policy.
. US policy could hobble China in semiconductors but greenfield domains like AI, robotics, autonomous driving, supercomputing and the Metaverse are up for grabs.
A key critique of semiconductor policy is that allow US companies to sell the means of production to China, albeit with some restrictions. Far from decoupling, the US has increased interdependence with China for technology, eg Apple’s partnership with Chinese military fabPanelists explored whether states can do a better job.
A penal on Florida vs. California debated how industrial policy is playing out today, as people and capital flee blue states for red states like Florida, Texas, and Arizona for enterprise and freedom from tax. The conference opened with wunderkind Miami Mayor Francis Suarez who detailed Miami’s transformation to the “” In recent years Miami has accrued more than $1 trillion in assets under management in addition to some $40 billion in direct investment in the city’s economy .
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