The world is about to need more energy. A lot more. The combination of providing basic energy services to emerging markets and powering a new generation of data centers and manufacturing activity means the era of flat energy demand is over. Grid operators all across the United States are grappling with a rapid uptick in…
Read MoreSince late 2021, the Biden administration has set aside more than $1.6 trillion in infrastructure spending. Almost three years later, it’s very hard to know where most of that money has gone. The Biden administration’s infrastructure laws are built upon two distinct and competing philosophies of industrial policy. The first, demonstrated by the CHIPS…
Read MoreThe AMI has been operating since 2020 and has exceeded our expectations in terms of reach and impact. Demand far outpaced our initial projections, as more than 350 manufacturers signed on in the first three years. Our original goal was for two hundred enterprises within four years. Manufacturers who work with the AMI have experienced a 22 percent increase in labor productivity…
Read MoreThe idea of America as the Arsenal of Democracy in World War II—innovative, productive, and hard-working—is now firmly a part of the story we tell about ourselves. It is a source of pride, patriotism, and inspiration. And it’s a true story. But that was then, and this is now. Today, Americans are waking up to the reality that we can’t make things in sufficient quantities to keep us safe, while our principal adversary is flooding the world with its manufactures…
Read MoreGiven Israel’s prominence as a developer and exporter of weapons and military technologies, the collapse of its defense systems on October 7, 2023, has raised concerns among security services in Europe and the United States. Central to this discussion is whether the operational success of Hamas’s attack was due to structural weaknesses in the technological…
Read MoreChinese Communist Party (CCP) elites appear to believe that, across a range of metrics, the People’s Republic of China (PRC) is gaining ground in its bid to replace the United States as global hegemon. Americans might, therefore, at least consider the possibility that the PRC is outcompeting the United States. If the CCP is correct, this success would be due in large measure to Washington’s confusion…
Read MoreIf we lost a trade war, how long would it take us to find out? The vitality and flexibility of our financial system has obscured the degree to which we are living in the aftermath of a Chinese trade war victory—one in which the PRC not merely succeeded in subjecting the developed countries to trade…
Read MoreThe use of “extremism” is often used to rationalize stepping outside typical constraints on the use of power. Constitutional restraint and governmental accountability can be set aside more easily when “extremism” is the enemy. Likewise, social media, the financial industry, and the media routinely engage in the “fight” against extremism. Unfortunately, powerful actors justify extra-institutional actions with flawed findings and empirical sleights-of-hand. But it is precisely such actions that erode the foundations of a free society as well as trust and accountability in institutions…
Read MoreIt is difficult for Chinese to idealize the United States anymore, perhaps particularly for those Chinese who spend time there or are fluent in English. And yet, China is not anywhere close to “finished,” and so the map is being redrawn in the middle of a voyage. Today, China’s society is like Frankenstein’s monster, with different parts grafted into a single organism…
Read MoreFor centuries, the internal workings of successive Russian states have been a mystery to the West. The Russian Empire was seen as a strange place, an “other.” The Soviet Union was so opaque that American intelligence agencies were reduced to analyzing who was standing next to whom in photos to determine proximity to power. The Russian Federation has been no exception…
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