A Discussion on Clean Tech: Can the U.S. Compete with China?
The answer? Yes, with some fundamental changes to the way we run things around here.
The Economic Policy Institute's senior international economist, Rob Scott says that the U.S. can compete with China if and only if we make "fundamental changes in our support for these industries and our approach to trade."
And while many Americans complain that production of these new technologies is moving abroad because of cheap labor, Scott says there's another reason, "U.S. clean energy loan guarantees can’t compete with the Chinese loan subsidies." And the only way to remedy this is for the Obama administration to "move boldly to end China’s illegal industrial policies and its illegal currency manipulation."
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