The Greatest Reindustrialization Process in US History
Peter Zeihan thinks industry in the US has a bright future, and I'm in half-hearted agreement.
Countries with a high-taxed, highly regulated, highly centralized economy tend towards stagnation, not growth. Reindustrialization will require supply-side, not command-side, policies. It is the nature of the Crony Class to prefer a command economy because it favors the Crony Class -- who are the ones issuing the commands.
At its center, the Crony Class consists of politicians, political hacks, bureaucrats, and those who acquire power through their ability to influence government action -- the lawyer, lobbyist, and dark-money crowd. This group took to heart Scarface's advice, "First you get the power, then you get the money, then you get the girl." Confusingly, we now have to add the lawyer/lobbyist girls who want to be "the man" while still blaming "the man" when the man is actually, you know, a man.
The outer ring includes those who benefit from government action, such as corporations that fear bureaucratic overreach or seek government favor, or the education establishment which devours government resources while avoiding societal accountability. To this add the legions of minions whose livelihoods depend on promoting Crony Class Interests, such as MSM Journalists (not to be confused with reporters), aspiring academics (not to be confused with actual scientists), and "house experts" (not to be confused with people who know what the hell they are talking about). The tentacles of this class reach far and wide, and gives the appearance of "Nerds working for Sociopaths."
The developing "Cronny Class Consciousness" and the governing philosophy of "Feudalism with the Right People in Charge" will produce economic malaise and shortages because these conditions favor those with influence.
Crony Class Consciousness allows them to act as a unit to protect class interest with little coordination. They framed Donal Trump (a minor threat) as a Russian agent for three years, knowing it was bunkum from day one. When it no longer played, the media moved on to the next set of feeble accusations class members promote. Objectively, these are the actions of horrible people. Subjectively, they have their reasons. This beast is hungry and needs to be fed. Economic stagnation is just a reflection of that appetite.
"Feudalism with the Right People in Charge," says the ruling nobility should come from an accredited, pseudo-intellectual caste (the "nobility of the mind"), not a military one. The philosophy provides the justification for the rule of the Crony Class (i.e. Climate Change requires their control of resources) and the rationale for keeping their "expert" descendants in charge (having a lot of kids -- which will expand family contacts in an influence-peddling system -- is frowned upon). Diversity-Equity-Inclusion is sold as the ability to include but is actually the power to exclude. Everyone should get in their place and stay there. Mind the Queue.
In feudal societies, the nobility controls weapons and armor. Today, we can add information, entertainment, and criticism to that arsenal. Crony Class Controlled "AI" censorship that shuns transgressors, has already arrived -- enabling a totalitarian system that promotes officially sanctioned bigotry.