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.