is at significant risk of losing its global leadership in science and technology to China, which is now 'neck and neck' in many frontier fields and excels at implementation.
Current U.S.
industrial policy is considered 'random and not sufficiently coherent,' hindering the nation's ability to strategically compete in critical areas like AI, quantum computing, and semiconductors.
Restrictive immigration policies and reduced funding for public-private research are actively harming U.S.
competitiveness by preventing the influx of top global talent and slowing innovation.
There are growing concerns that excesses in financialization and reduced capital buffers in large banks are creating conditions ripe for a repeat of the 2008 financial crisis.
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Concerns Raised
Losing science and technology leadership to China.
Incoherent and random U.S. industrial policy.
Restrictive immigration policies are causing a brain drain and hindering innovation.
Risk of a 'quantum winter' from underinvestment in foundational science.
Potential for a repeat of the 2008 financial crisis due to financialization and reduced bank capital.
Opportunities Identified
Attracting top global talent to out-compete rivals.
Creating new, high-quality jobs by investing in frontier technologies.
Leveraging bipartisan consensus to invest in critical areas like semiconductors and defense drones.
Applying AI across various technologies to drive broad economic gains.