Article snippet: “We must prioritize investment in long-term capabilities in order to ensure future prosperity for American workers and communities,” Rubio, chairman of the Senate Committee on Small Business and Entrepreneurship, said in a statement accompanying the release of the report. “Less investment in our own future productivity represents a lack of will to build an economy and country that can sustain and renew itself for generations to come,” he said. The report, entitled, “American Investment in the 21st Century,” is Rubio’s second product as part of his Project for Strong Labor Markets and National Development. His first product was a report released earlier this year on the challenges posed by China’s whole-of-state industrial planning for American productivity. In a recent op-ed in the Washington Examiner previewing the report, Rubio argued that economic growth is now more driven by finance than innovation in the production of real assets, which has turned American workers into “line items on a ledger rather than essential contributors to value creation.” “Investment in domestic innovation and research is often cut or outsourced to competitor nations such as China, which then steals technology to develop and win the technologies of the future — robotics, artificial intelligence, advanced pharmaceuticals, and 5G,” he wrote. In a recent interview with the Washington Post, Rubio blasted corporations and U.S. policymakers for increasingly prioritizing high returns to inv... Link to the full article to read more