The Problem with Industrial Policy

We don't want replace the left-wing nanny state with a right-wing nanny state. We want to get in there & SHUT IT DOWN.

For more content follow me here:

X - @VivekGRamaswamy
Instagram - @vivekgramaswamy
Truth Social - @VivekRamaswamy
Rumble - @VivekRamaswamy

[CharlesGoad-dudm]

The fact that unelected people are setting devastating regulations in freedom, energy, and industrial areas is beyond insanity.

[OURSKIESTODAY]

Vivek for America❤
Hope you get Secretary of State. 💪✌️🙏

[John-hgzd]

I wish there were three Viveks so Vivek could be press secretary, secretary of state AND chief of staff

[OneWildTurkey]

Vivek reminds me of friends, long dead, who used to carry on friendly debates laced with intelligent ideas. That's so rare today.

[michaelhelmick]

Rather than impose tariffs (which only hurt American consumers), the business environment of the US must be better than that of foreign competitors. i.e. the tax burden, the regulatory burden, etc are all contributing factors that must be addressed. Ask John Deere who's fleeing the Iowa and Illinois for Mexico.

[jhariej.]

Vivek... 2024.. Whatever position. YOU'LL BE AWESOME..
However.. VP.. my first choice...

[litapayang]

GOD BLESS YOU AND YOUR FAMILY, YOU ARE A GENIUS VIVEK? YOU ARE GIFTED WITH A BRILLIANT MIND AND A GOOD CARING HEART. THANKYOU GOOD MAN.

[Track_Tension]

How am I just finding out he knows Rouge from the X-Men?

[HaagentheDazs]

Vivek, if industrial policy is so bad, then why are all our top competitors using it and crushing us? China has the top economy in the world right now. Germany, Taiwan, South Korea, aren't worse for wear either. Meanwhile, the countries that embraced free trade the most enthusiastically (or had it fed to them by the globalist elite) are looking worse for wear, Russia, Latin America, Africa, etc. 
The US had tariffs until the Great Depression and they enabled our development. The top manufacturing employer for much of the postwar era was aerospace, an industry that did most of its work for the US government. There's no Silicon Valley without massive military procurement and R&D programs that funded/created computers, semiconductors, etc.. Not to mention, there's no US agricultural without subsidies either. I'm not saying all of these programs were perfect (lord knows the permanent war economy got us into a lot of forever wars) but they created good jobs and a lot of them.
The question is not whether we should do industrial policy (we should) but what should that industrial policy look like.

[Meiseptemberx]

Vivek, please advise president Trump 🙏. You need to tell him to stop providing ammo for the left. If we want to win in November we need to be smarter. We need to win over independent voters. MAGA voters will vote for him that’s a given, he doesn’t need to cater to them. He needs to actually do what he said he was going to do, which is bring unity. If he wants to “not be nice” he can do that after November.

[Rabbittrailsdaze]

Please place the long-form conversation link in the description!

[okbro]

Bring semi conductor manufactoring back to america!!! This is something Vivek talked about that I want to hear from Trump. Cant be dependant on China for all chip manufacturing.

[mr.gamewatch]

Industrial policy is absolutely necessary. Once we entered the "free trade era" of the 90s, our manufacturing sector has been eradicated. Countries like China, Germany, South Korea, etc dominate us on trade because they use their own industrial policies

[BruceWing]

I admire Vivek for not demonizing those with whom he disagrees.

I was once a free trader, but I am no longer. All nations game the system… China to a much higher degree than others. In the long run, all nations are dead. What do do in the short/intermediate run involves very difficult but much needed conversations. I want to hear those conversations… both pro and con.

[NANA-ndkq]

Specific examples include TIF (Tax Increment Financing). In Illinois, there are almost everywhere 'blighted' areas, where no development would occur "but-for" TIF subsidies....because property tax rates are so high. Property tax rates are too high for sane developers to take personal risk because of TIF driving up tax rates.

TIF Always Increase property tax rates. TIF freezes all property value assessments for 35 years, such that inflationary assessment increases (including existing properties, do your research) are shifted to benefit narrowly-chosen TIF recipients at the expense of the rest of the taxed community. The new social service burden of schools, police, roads, government, etcetera is foisted onto non-TIF-district taxpayers. Zero development takes place outside subsidized TIF zones because...duh.
Self-fulfilling prophesy creates death spiral of property values: high property tax rates due to subsidization of political cronies via TIF creates blight which engenders "need" for more TIF, which further increases property tax rates...

[shaantanuasthana]

I am proud to be from the land of vivek almost everybody speaks praise of him its just great he is witty knowledgeable and charming

[ArielBerdugo]

Subsidies no. R&D to compete globally yes.

[MrBlink]

If he goes off on Trump/Vance's stances about free trade and wanting to use tariffs to being back our manufacturing base on important goods and even just consumer products, you haven't learned anything by living in Ohio. 40 years of bad economic policy and outsourcing has weakened our country. We are dependent on other countries while corporations pollute the third world.

[ebythebeach]

A great couple is defined by similar values nothing else. A country is no different

[statmonster]

Protectionism for specific industries is probably not a good idea. (The exception might be key industries that are either important for defense or that have significant downstream benefits such as semiconductors, tech or biotech that probably will be key to future industries. Preventing particular industries of no real strategic importance from gaming their way into this is difficult though). However, using a general tariff to end the trade deficit or using capital controls to prevent surplus economies from recycling their surpluses into ownership of domestic assets ( which will eliminate trade deficits as every trade deficit must automatically lead an equal sized capital account surplus - it’s basic math) is a good idea.