Last Updated on October 10, 2022
A WEF-linked economist speaking at a CATO Institute event slammed the idea that America should bolster its domestic manufacturing.
Adam Posen, the President of the Peterson Institute for International Economics and a World Economic Forum contributor, called support of domestic manufacturing a “fetish” for white uneducated men.
“The fetish for manufacturing is part of the general fetish for keeping white males with low education outside the cities in the powerful positions they are in in the U.S., that is really what’s going on here, because when you look at the cost of manufacturing … the cost of the China shock or the cost of the decline of manufacturing, I always think ‘compared to what’?” Posen said at a CATO Institute event late last week.
Posen contested white American men only want to support domestic manufacturing because it helps their job stability.
“For decades there was an enormous displacement of African Americans in this economy. Every time there was a recession African American unemployment rates shot up much faster and higher than white unemployment rate. Single women were methodically excluded from the workforce, especially if they became parents or ghettoed in particular sets of jobs throughout the economy well through the ’70’s and into the ’80’s,” the speaker continued.
Posen, along with the CATO Institute, seemingly want to equate domestic manufacturing support and America First policy talking points to racism.
The clip of Posen’s shocking comments has been viewed nearly one million times on Twitter. Social media users responded with outrage.
“I can’t think of a better recipe for inducing racial tension than having D.C. elites financed by Wall Street pushing offshoring and then saying that anyone who opposes having their community and livelihood destroyed is racist,” Matt Stoller of the American Economic Liberties Project commented.
“I am embarrassed I ever fell for Libertarianism,” another Twitter user added.
Another astonishing clip from the Cato Institute event today, this one from the influential Adam Posen, head of the Peterson Institute. He says a focus on domestic manufacturing is simply a “fetish for keeping white males with low education in the powerful positions they are in.” pic.twitter.com/ii4F0ssAjY
— Matt Stoller (@matthewstoller) October 6, 2022
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