Adam Posen is a vile racist masquerading as an economist. Earlier this week at an event at the CATO Institute Posen claimed manufacturing is only a priority because of uneducated white men.
Economist and President of the Peterson Institute for International Economics Adam Posen said Thursday that keeping manufacturing jobs domestic is just a “fetish” for propping up uneducated white men.
Speaking at the Cato Institute, Posen went on a racist rant against white men.
Adam Posen: “I’m sure I’m gonna piss off both left and right, so I apologize. 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’?”
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
Didn’t we just go through a destabilizing pandemic where we learned how dangerous it is that all of our products are now made in China and East Asia?
Is this what Posen is supporting?
The Peterson Institute must be very proud of their racist at the helm.