The Problem With the 'Abundance Agenda'

The Biden administration's new subsidies for domestic semiconductor manufacturing facilities, which are designed to increase America's ability to build more affordable housing, have attracted criticism from supporters of the subsidies who point towards the wages, mandates and regulations attached to the funding, and argue that the rules could cause the venture to fail and damage industrial policy for a generation; some liberals and left-wing writers also criticize America for its inability to convert monetary investment to create more affordable housing, renewable energy, and public transport, mimicking libertarian criticisms of America's regulatory state, though they still hope to change it.