Though a monument to the ravages of Soviet central planning, the barren Magnitogorsk steel works complex still inspires America’s industrial policy proponents. “Failure to plan is a plan for failure,” said comrade Rep. Dan Lipinski (D-IL), as he described the “pro‐manufacturing” legislation he helped slip into the mammoth Cromnibus bill, which became law this month.
The Revitalize American Manufacturing and Innovation Act directs the Secretary of Commerce to establish a “Network for Manufacturing Innovation” to:
- improve the competitiveness of U.S. manufacturing and increase production of goods manufactured predominately within the United States;
- stimulate U.S. leadership in advanced manufacturing research, innovation, and technology;
- accelerate the development of an advanced manufacturing workforce; and
- create and preserve jobs
Of course, the verbs “revitalize,” “improve,” “stimulate,” “accelerate,” “create,” and “preserve” are euphemisms for protect, subsidize, regulate, and intervene.