Checks and Balance: Place and CHIPS

Joe Biden has been on the road this week, touting his administration’s investment in American manufacturing. His government has embraced a “place-based” industrial policy, explicitly directing tens of billions of dollars to boost struggling regions. The bet is that the money will leave thriving economies and grateful Democratic voters in its wake. Will “place-based” policies help the bits of American that have been left-behind?We join Congressman Ro Khanna on a tour of former manufacturing towns, and he tells us why he thinks “place-based” policies work.  And Mark Muro of Brookings charts the history of “place-based” interventions.John Prideaux hosts with Charlotte Howard and Jon Fasman.You can now find every episode of Checks and Balance in one place and sign up to our weekly newsletter. For full access to print, digital and audio editions, as well as exclusive live events, subscribe to The Economist at economist.com/uspod. Hosted on Acast. See acast.com/privacy for more information.