Source: The American Conservative
by Charles Benoit
“Earlier this month, Bloomberg published a brutal autopsy of industrial policy gone wrong. The article documented how, beginning in 2020, the U.S. government provided $850 million to six American companies to bolster domestic manufacturing of nitrile gloves, a critical component of the medical supply chain. Six years later, not one of those companies is making gloves. … The company that received the most funding, Blue Star NBR out of Wytheville, Virginia, was supposed to use that money to build the first American plant in a generation capable of making nitrile butadiene rubber (NBR)—the raw material every nitrile glove is made of. It never produced a single batch. Its CEO said he is a month from selling the plant for parts, most of which will go to manufacturers based in China. To put it bluntly: American taxpayers built a synthetic rubber plant, and China may now cart it off in crates.” (07/21/26)
https://www.theamericanconservative.com/how-not-to-do-industrial-policy/