American reindustrialization will require trillions in investment over decades, retraining an entire generation of skilled labor, and a cultural shift toward patient investment over quarterly gains. The NIC provides a persuasive answer to the question of how to finance American reindustrialization when conventional finance falls short. To be clear, the broader financial sector must play a role in helping industrialists build factories at scale, but the NIC provides an important institutional innovation that addresses a real market gap..

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