Public health officials warned us about pharmaceutical dependencies. The warning lights were glaring all around us. But our political class preferred the comfort of old formulas. Cheaper was always better. Offshoring was inevitable. Industrial policy was unfashionable. And strategic dependence was acceptable so long as the cost remained invisible. Beneath every one of those mistakes lay a more basic failure in our philosophy. In reducing economics to consumption, we forgot production. We measured abundance at the checkout counter rather than at the factory gate. (06:05–06:19)
CLAIM
Asserts that U.S. policy favored cheaper goods, offshoring, and strategic dependence.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
