Restoring large-scale, competent manufacturing in the United States will require a higher level of labor-management conflict than the country has seen since the early 1940s. Although it may be surprising to most readers, that’s actually a very good thing, so long as that conflict is about effort and reward in the context of higher productivity…
Read MoreWe begin with our conclusion: China has surpassed or will soon surpass the United States in many key dimensions, including economic growth, health care, education, 5g network rollout, and the development of artificial intelligence. Today, 103 years after the Russian Revolution, central planning can finally be effective and strategic, thanks to the volume of available data…
Read MoreSince the mid-1970s, inequality has increased under Democratic as well as Republican administrations and Congresses. In retrospect, the four and a half decades from 1933 to 1978 were a historical aberration. The longer-term trend toward more inequality in capitalist economies, which prevailed before this period, has resumed after it. That leads us to conclude that there may well be no technocratic or tax policy fix for capitalism’s tendency to generate ever more inequality…
Read More
Already subscribed?
Sign In With Your AAJ Account
| Sign In with Blink
