America's world-leading semiconductor industry is a testament to the advantages a competitive market economy has over a command economy like China. But now that the United States has gotten into the business of favoring some producers over others, it is setting the industry up for chronic under-performance.
worries that a new $52 billion subsidy program will undermine competition and innovation in a key industry.
After losing the Republican primary, and thus her US House seat, Liz Cheney announced the formation of a new political action committee and suggested that she might run for president, all part of her effort to keep Donald Trump out of the White House. She is channeling the oppositional zeal that political disillusion often fuels.
considers the implications of Liz Cheney’s primary loss for the GOP and American democracy.
Many argue that the combined effects of the 2008 global financial crisis, the COVID-19 pandemic, Sino-American decoupling, and Russia’s war against Ukraine have dealt an irreversible blow to three decades of open trade and burgeoning supply chains. How should policymakers and businesses respond to the apparent demise of globalization, and what new paradigm might replace it?