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A watershed, not a holiday
15 June 2024 at 04:58
We might now be on the cusp of a similar sea change, with American policymakers, especially Democrats and the broader center-Left, beginning to craft a new industrial policy and seeking to decouple economically from China. This decoupling is accompanied by an ersatz new Cold War with China—reminding us of how an earlier era of more activist liberal government required the Cold War to legitimate and underpin it. Whether such efforts will take hold is, for now, unclear. But understanding what these efforts are designed to overturn requires returning to the pivotal years of America in the 1990s. from What the 1990s Did to America [Public Books]
