The Next Industrial Revolution: Advanced Manufacturing, National Security, and Shared Prosperity

In this episode of Cache Me If You Can, we explore why advanced manufacturing has become a cornerstone of U.S. economic competitiveness and national security. As strategic competition with China intensifies and supply chain vulnerabilities become increasingly apparent, the United States faces difficult questions about what it will take to rebuild its industrial base for the twenty-first century. Our guest, Liz Reynolds, Professor of the Practice at MIT and former Special Assistant to the President for Manufacturing and Economic Development at the National Economic Council, joins us to discuss Priority Technologies: Ensuring U.S. Security and Shared Prosperity, a new volume examining the technologies that will shape America's future. Drawing from her chapter on advanced manufacturing, Reynolds explains why innovation alone is not enough and why manufacturing capacity, skilled workers, resilient supply chains, and strong institutions all play essential roles in sustaining technological leadership. The conversation examines whether industrial policy can simultaneously strengthen national security and create broadly shared economic opportunity in an era of increasing automation. We discuss the lessons of the CHIPS and Science Act, the evolving relationship between advanced manufacturing and semiconductors, and what success should look like as the United States seeks to rebuild strategically important industries.