Tag Archive for: manufacturing

The West Has Been the Real Loser at COP28

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As the COP 28 climate shindig comes to a merciful end, history is truly unfolding, as Marx once remarked, as farce. Read more

The Governor’s Gambit

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Many conservatives may see Gavin Newsom as the epitome of the progressive Left, with some even calling his policies “communist.” But the policy preferences of the California governor (whose presidential ambitions are evident) represent something more plausible and thus more dangerous: a blending of Peronist income redistribution coupled with the fanatically “green” authoritarian agenda embraced by the state’s dominant tech oligarchy, public-employee unions, and climate activists. Read more

The End of the Silicon Valley Dream

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It is difficult, given what Silicon Valley has become, to convey exactly what it was like in the 1970s and ‘80s. It was a remarkable center of technology, but also the embodiment of the spirit of capitalism at its very best, as epitomized by garage start-ups like Apple. Greed, of course, is always a human motivation, but the early Valley culture was created by entrepreneurial outsiders who genuinely wanted to make the world better.

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Mysteries of the Labor Force

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One of the enduring mysteries of contemporary society centers on the seeming disassociation of so much of the labor force from the economy. This became particularly evident during the pandemic Read more

California Jobs: A Multi-Dimensional Problem

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“From the Beginning, California promised much. While yet barely a name on the map, it entered American awareness as a symbol of renewal. It was a final frontier: of geography and of expectation.”
— Kevin Starr, “Americans and the California Dream, 1850-1915” (1973)

On the surface, California’s job story seems positive. The “headline” unemployment number for December 2022 is low (4.1%). Payroll jobs continue to bounce back to close to pre-pandemic levels. https://edd.ca.gov/en/about_edd/news_releases_and_announcements/unemployment-november-2022/. As Mad Magazine’s Alfred E. Newman would say, “What? Me worry?”

But a closer look at the longer-term, 20-year statistics shows a state with some very worrisome issues related to jobs, some of which are unique to California’s set of past policy choices. Read more

The Revenge of the Material Economy

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America’s narrow escape last week from a major rail-worker strike brought home an important truth: people who make and ship real things – let’s call them material workers – now hold the whip hand over our supposedly ‘post-industrial’ economy. Firms trading non-tangibles – currency, bits and bots – may still hoard the most cash. But when it comes to eating, staying warm and, for many, making a living, the material economy is what matters most.

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The Fall of Los Angeles

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For much of the 20th century, Los Angeles symbolised the future. Over the course of the century, the population grew 40-fold to nearly four million people.

But now, for the first time in its history, the population of Los Angeles is in decline, falling by 204,000 between July 2020 and July 2021. LA was once a magnet for investors. But recently many of the area’s corporate linchpins – including aerospace giant Northrop Grumman, Occidental Petroleum and Hilton Hotels – have left, taking with them high-paying jobs and philanthropic resources. Read more

The Revenge of the Analog Economy

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The last few decades have seen the emergence of two rival economies: an older analog one built on the actual production of goods, and another that profits from financial transactions, images and customer surveillance. The contest between the two has been rather one-sided, with the “laptop economy” the big winner, particularly during the pandemic.

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The Biggest Threat to the CHIPS Act? The Green Left

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The recent passage of the CHIPS act, a $280 billion dollar subsidy, may prove a giant boondoggle. But it also reflects a critical shift in US economic policy away from neoliberal free trade policies to a more nationalistic industrial policy.

This trend may have started with President Trump, but his successor — along with leaders of both parties — have moved in this direction too. The earlier passage of The BuyAmerican.gov Act, the Make PPE in America Act, and the banning of the importation of Chinese products made with forced labour in Xinjiang, reflect this new dynamic.

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America Needs to Reshore Semiconductors

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On this episode of Feudal Future, hosts Joel Kotkin and Marshall Toplansky are joined by Robert Casanova, director of industry and economic policy at the Semiconductor Industry Association, and Bill Amelio, CEO of DoubleCheck Solutions, to discuss America’s need to reshore the semiconductor industry.

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