RiskAverseAlert

Time for the U.S. Economy to Reindustrialize

Is the author saying we are to be saved by fascism? Public-Private partnerships, wherein private companies drive the availability of finance, which in turn drives the availability of infrastructure needed to sustain an advanced economy (in this case, electricity) is what Mr. Steinberg essentially is proposing via his call for the transformation of knowledge-based commerce into utilities. How is this any different than what Mussolini imposed upon Italy in his time?

A better approach is bankruptcy reorganization of our dead, overbearing, overreaching globalization junkies (at whose core finds the companies indicated here) and resurrection of national banking along lines Alexander Hamilton developed. Then, we can get on with the job of a massive build-out of 4th generation nuclear power facilities and a transformation from a hydro-carbon-based economy to a hydrogen-based economy, financing this at rates of interest the private sector simply cannot compete with.