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Category: Smith, Adam

The Cubicle Archipelago

“Freedom of speech doesn’t mean freedom from consequences.” Our current moment of corporate wokeness and “extremely online” pearl-clutching has made this phrase something of a cliché. In its most sympathetic rendering, it means that a free exchange of ideas allows everyone to decide who they wish to associate with…

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America Needs an Industrial Policy

The phrase “industrial policy” conjures up images of Europe’s dirigiste failures, corruption in African and Latin American econ­omies, and the disastrous 1984 presidential campaign of Walter Mon­dale. In board rooms and think tanks and even university class rooms across the country, the term generates an instinctive revulsion hard­wired by decades of listening to laissez-faire and…

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Nationalism’s Dividends

Here are some facts about China from the World Bank: Since initiating market reforms in 1978 . . . China has expe­rienced rapid economic and social development. GDP growth has averaged nearly 10% a year—the fastest sustained expan­sion by a major economy in history—and more than 850 million people have lifted themselves out of poverty.…

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