Reindustrialization has been a persistent theme in Silicon Valley circles the past few years, and now it’s having its moment in the sun in Washington DC too. More and more policymakers, legislators and administrators have come to terms with a stark reality: America has left the means of production behind, and in the process, has surrendered some of the country’s most powerful advantages to its adversaries, namely China.

This decline wasn’t inevitable, and neither will its renaissance. But with the right ideas and a renewed force of will, it’s doable. That’s the goal of a brand-new project, the Techno-Industrial Policy Playbook, published this week by a quadrangle of policy institutions from the Foundation of American Innovation (FAI) to the Institute for Progress. Leading the charge as editor is my guest today, Kelvin Yu. Yu is a former staffer on Capitol Hill and investor at In-Q-Tel who is now a fellow at FAI while working on startup projects.

We talk about the genesis of the playbook, how 27 different proposals came together, the highlights from each of the playbook’s three sections, and what America’s prognosis is to reindustrialize in the coming years.