George David Banks writes in RealClearEnergy about how the U.S. can compete against China.
- Beating China will require a multifaceted approach that includes unleashing free trade and working with European allies to accelerate energy innovation.
- Additionally, the U.S. must update its antiquated permitting system to allow more energy, infrastructure, and conservation projects to come online quicker.
- By unleashing economic freedom at home and abroad, the U.S. and its allies can curtail China’s global influence.
“The wrong way, however, would be detrimental and only further undermine America’s economic interests. Basing a U.S. industrial security policy on a losing long-term strategy, such as a subsidy-only approach, and failing to address major problems, such as the inability to build anything at home, would only strengthen the hand of Beijing.”
Read the full article here.