section_path: New Industrialism
section_name: New Industrialism
paragraph_text: New Industrialism
  
  The New Industrialist movement advocates for increasing domestic manufacturing while reducing emphasis on a financial-based economy that relies on real estate and trading speculative assets. New Industrialism has been described as " supply-side progressivism " or embracing the idea of "Building More Stuff". New Industrialism developed after the China Shock that resulted in lost manufacturing jobs in the U.S. after China joined the World Trade Organization in 2001. The movement strengthened after the reduction of manufacturing jobs during the Great Recession and when the U.S. was not able to manufacture enough tests or facemasks during the COVID-19 pandemic. New Industrialism calls for building enough housing to satisfy demand in order to reduce the profit in land speculation, to invest in infrastructure, and to develop advanced technology to manufacture green energy for the world. New Industrialists believe that the United States is not building enough productive capital and should invest more into economic growth.