Here’s a hot take from the Cato Institute, and in particular, Adam Posen. Apparently, the desire to keep manufacturing in the United States is a “fetish” that is born from a desire to keep “white men with lower educations” in powerful positions. Posen says he’s going to tick off the Left and Right; we won’t speak for the Left, but yeah, we’re annoyed.
Another astonishing clip from the Cato Institute event today, this one from the influential Adam Posen, head of the Peterson Institute. He says a focus on domestic manufacturing is simply a “fetish for keeping white males with low education in the powerful positions they are in.” pic.twitter.com/ii4F0ssAjY
— Matt Stoller (@matthewstoller) October 6, 2022
Aside from immensely offensive, it's not correct. Here's a fact-check from @DanielRangelJ. https://t.co/ycLhpQOFBW
— Matt Stoller (@matthewstoller) October 6, 2022
I can't think of a better recipe for inducing racial tension than having D.C. elites financed by Wall Street pushing offshoring and then saying that anyone who opposes having their community and livelihood destroyed is racist. https://t.co/2TBdkEqnRn
— Matt Stoller (@matthewstoller) October 6, 2022
It's stunning how out of touch most economists are with how business actually works. Or in this case, geopolitics. If you are a country today with no ability to make crucial goods or access them from allied nations, God help you.
— Rana Foroohar (@RanaForoohar) October 6, 2022
This is such an important point. Being able to make things is essential for a society to survive. Much of the political world has moved on from the contempt for manufacturing, which is why Posen attacked both Biden and Trump. But these ideas are so bad. https://t.co/4QoN9AsiSz
— Matt Stoller (@matthewstoller) October 6, 2022
Why America hates elites, #387
— Joe Nocera (@opinion_joe) October 6, 2022
I repent of having ever taken the Cato Institute seriously.
— Brad Compton (@brad_compton) October 6, 2022
A solid manufacturing base is one of the keys to a functioning country. You don't have to be dominant in all areas, but be competent in all areas and superlative in a few chosen ones.
— Christopher Gaska (@ChristopherTodd) October 6, 2022
Cutting edge intellectualism at any cost!!!
— Michael Cederblom (@MLCederblom) October 6, 2022
https://twitter.com/FalconFlite/status/1578142888881311744
I was in manufacturing for 47 years. Hell, I can tie my own shoes and everything….
— MDMiller (@MarkMil08316846) October 6, 2022
https://twitter.com/mikebreslin815/status/1578142807696736257
They did such a great job with our COVID tests.
Hope his mechanic sees this.
— TikTok is Chinese Spyware (@travelamigo) October 6, 2022
I hate these people.
— 311mmddmm311 (@dmm311ddm311) October 6, 2022
Think tanks are simply a fetish for keeping fat balding males with smug, nonsense opinions and soft, pink hands in the powerful positions they are in.
— Little (@ericrlittle) October 6, 2022
Very well said.
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