Over at the Peterson Institute, there is a rundown of Elizabeth Warren’s “A Plan for Economic Patriotism.” You can read the analysis for yourself here, but I wanted to point out three things that jumped out at me:
- The comparison to Trump (see the photo above).
- The number of “Good idea, but…”
- Almost every potentially positive policy devolves into protectionist nonsense.
Let me first start with the exception: her training programs. As America becomes more globalized–both through trade and immigration–more training for American workers displaced by global competition might be necessary.
Now, let’s take a look at her proposed Department of Economic Development:
See what happened there? A potentially good idea turned into a protectionist dumpster fire. How about her R&D policies?
Yet another potentially good idea likely squandered by the protectionist slant. And then there are her straight-up awful ideas:
I’ve pointed out the similarities between the economics of Trump and Sanders before. It appears the populist impulse is even more widespread among American politicians.
God help us.