Why Is Biden Trying To Emulate Communist China?

The best way to outcompete Beijing is not to adopt its economic interventions.

AP/Patrick Semansky
The building site for a new computer chip plant for Taiwan Semiconductor Manufacturing Company, December 6, 2022, at Phoenix. AP/Patrick Semansky

Let’s call it the “Biden way”: When our president can’t get his policies through Congress, he tries to impose them in other ways. Just look at his student loan forgiveness plan, which faced a stiff Supreme Court challenge this week, and his imposition of stricter “Buy American” provisions to the infrastructure-spending bill. Now, he wants to reshape corporate America by attaching the big string of “high-quality” child care to, of all things, semiconductor subsidies.

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