IN-DEPTH: Reshoring US Industry From China Requires Defense-Driven Innovation, Economist Says

It’s increasingly the received wisdom in Washington that China’s military power and manufacturing capacity are twin challenges that the United States must face.
Economist David Goldman wants to address the two together through vigorous industrial policy driven by smart defense spending, although his analysis has already been met with skepticism in some quarters.
“The United States is going to go bankrupt eventually,” Goldman told The Epoch Times in an April 14 interview.
He cited the country’s long-standing trade deficit, which has been widening for decades as the United States continues importing more in combined goods and services than it exports….}