Setting the Precedent for a Peace Industrial Policy

Source: Common Dreams
by Shea Leibow

“Last week, Biden invoked the Defense Production Act (DPA) to speed up the production of domestic clean energy infrastructure. This Act, originally passed in 1950 as a response to the Korean War, provides support for domestic production of materials deemed essential to national defense. As invoked last week, the DPA now provides investments in the domestic manufacturing of five green energy technologies (solar energy, heat pumps, insulation for buildings, hydrogen, and grid components) and waives solar tariffs. This move is an important milestone not only for federal U.S. support for a transition to green energy, but also in harnessing the precedent set by defense industrial policy to invest in peace, sustainability, and human needs instead of war. Industrial policy, or policy that encourages economic development and supports domestic manufacturing, has long been viewed as socialist and thus taboo in the United States.” (06/13/22)

https://www.commondreams.org/views/2022/06/13/setting-precedent-peace-industrial-policy