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by letting the COVID welfare state collapse, the economic and political benefits of this new industrial policy are being muted. Instead of combining necessary investments in green manufacturing and infrastructure with social safety net provisions to protect the vulnerable, the federal government seems to be giving with one hand and taking with the other.
✏️ The social set of policies are being allowed to lapse.
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That mutes the goodwill of the other policies because you’re directly hurting the people.
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