Are we experiencing a “Biden revolution”?
But at least as often, they make times-have-changed arguments focused on new climate challenges, supply chain defects that emerged from the pandemic and the sharpening rivalry with China. They also stress that economic growth since the 1980s has stranded many regions once dependent on manufacturing.
Australian Treasurer Jim Chalmers, who occupies what is effectively the No. 2 job in Albanese’s government, stressed in an interview that by the 1980s, Australia had become “this inward-looking, stagnant, underperforming economy” and that his predecessors “needed to open it up to make it more competitive and to subject it to the opportunities of the region and the world beyond.”But that was then.
Meanwhile, moderate grass-roots conservatives from areas hit by the decline of manufacturing welcome an engagement with the challenges their communities face. “I’m very passionate about Australian manufacturing,” Melissa McIntosh, a member of Australia’s House of Representatives from the center-right Liberal Party, told me. The pandemic, she said, revealed “that we don’t have a solid manufacturing base.
of abandoning the 1980s and 1990s consensus in favor of Biden’s embrace of “subsidies and protection.”John Kunkel, who served as chief of staff to the center right’s Scott Morrison when he was prime minister, told me he shared some of Zoellick’s skepticism of Sullivan’s blueprint for placing “enormous faith in bureaucrats to direct resources to where they need to be” and underplaying past benefits to the United States from free trade.
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