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The US Manufacturing Sector Wins While Net Zero Destroys Industry Elsewhere

The US Manufacturing Sector Wins While Net Zero Destroys Industry Elsewhere
Workers assemble cars at the newly renovated Ford's Assembly Plant in Chicago on June 24, 2019. Jim Young/AFP via Getty Images
Daniel Lacalle
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Commentary

The U.S. manufacturing sector clearly outperforms all its G7 peers, especially Germany, France, and the UK. The main reason is that the United States never implemented the aggressive net-zero emissions policy that has destroyed the industry by giving the reins of industrial policy to activists.

Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”