The Crossroads of Special Operations

Thursday, May 13, 2021

Why ‘Buy American’ doesn’t do enough for the economy and national security | Market Watch

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In the last 50 years, the U.S. slowed down manufacturing different products as it changed into an information-age economy. And while the global economic system has made industries more efficient, this has also caused a weaker industrial base. With this, Pres. Biden is focusing on making America’s industrial base a top priority that less than a month after his oath, he signed the Buy America Executive Order to increase the use of the Defense Production Act. Unluckily, the Buy American approach is counterproductive. Instead, the Biden Administration should focus on restoring the country’s manufacturing capabilities and clearly articulating its industrial base priorities.

Source: https://www.marketwatch.com/story/why-buy-american-doesnt-do-enough-for-the-economy-and-national-security-11612405671?utm_source=Sailthru&utm_medium=email&utm_campaign=EBB%2002.05.21&utm_term=Editorial%20-%20Early%20Bird%20Brief

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