The Endless Frontiers Act has changed it’s name….

The Endless Frontiers Act has been combined with several other bills, and is now the U.S. Innovation and Competition Act (USICA) (S.1260). This bill is meant to reorganize the U.S. government’s efforts to compete against China. Unfortunately, instead of playing to America’s strengths and innovative power, it copies China’s central-planning strategy.

This sprawling industrial policy package comes to a total of $250 billion in spending, and misses the mark of how to best confront China’s rise.

While the names of the players have changed — in 1980, the U.S. was confronting the U.S.S.R. — there have long been debates about how to best compete against a rising communist power. The principles remain the same, however.

While some may argue that the government controlling large aspects of the American economy is the best way to compete, as conservatives we know that the most effective way to beat a communist power is to unleash the power of the free market by shrinking government’s interference. As history has shown, using communism’s playbook is not a winning strategy. American has confronted and beaten one communist enemy, and we can do the same with China.