Grove’s argument, like all protectionist plans, is essentially-backward looking, a bet on existing industries and institutions—in this case, large computer manufacturers. But what of the industries that haven’t been created yet? Why should we be content with shoring up Intel’s balance sheet when we could be helping the founders of the next Intel? Don’t we want to next great companies and the next great industries to be based in the U.S. rather than somewhere else?
My thoughts on that Andy Grove essay.
