A closer look
The free market is universally worshipped by politicians until a geopolitical rival starts completely dominating the supply chain of the future. Green industrial policy represents a massive reversal of globalization. The US government realized that heavily subsidizing domestic battery plants and solar factories isn't just about saving the environment; it is a cutthroat strategy to onshore critical manufacturing. It's a colossal firehose of taxpayer cash designed to ensure the next century of clean energy isn't stamped entirely with 'Made in China'.
