yes
the marxian Department I
no matter the size of the effective demand injected
into the production system
thru
payments and tax cuts to households
for balanced recovery
we would will still need
an export vent for producer goods
that won't be found
t
simply restoring demand to pre crisis levels
won't set off
a spontaneous corporate boom
in internally located
new plant and equipment purchases
so yes
once a fast recovery withh the massive re creation of private sector jobs
has built the majority voter base
necessary to support a big move
(ala the support behind the new deal by 36)
then and only then
unveil a long range federaly directed and financed
national development plan
specifically
predicated on industrial and energy import substitution
NOT....NOT...on an export offensive
a clear industrial policy (IP)
building an investment path
to a new clean self sustaining and green
industrial platform
only a big IP can set Department I ablaze
why import substitution?
we are big enough to capture
most scale and scope economies
with a largely domestic production system
trade?
simple rules:
clean imports
no arbitrage rigs
and always striving for balance
global copyright income
license fees
repatriated profits
patent royalties ?
extracting tributes
from our trading partners
is a national disgrace
pure dracula stuff
