Skip to content
Fall 2020 / Volume IV, Number 3
Download PDF

New Perspectives on Political Economy

Beyond the Commodity: Toward a New Understanding of Political Economy

It seems almost certain that in the aftermath of the Covid-19 pan­demic, the U.S. economy will be even more dominated by giant firms than it was before. Government rescue efforts have been tilted in favor of the largest firms, and strong relations with suppliers give megacorporations such as Amazon and Walmart a huge advantage over smaller retailers. It seems highly likely that millions of small businesses will not survive the crisis. This boost to giant firms will inevitably attract the attention of activists and scholars who have been working to revive the anti-monopoly politics that played a central role in the United States from the agrarian populists in the late…

The Knowledge Economy: A Critique of the Dominant View

The knowledge economy is the science- and technology-intensive practice of production, devoted to perpetual innovation, that has begun to assume a commanding role in all the major economies of the world. It is present in every sector of these economies—in services and even agriculture, as well as in advanced manufacturing. In each sector, however, it…

Home Economics: Putting the Family Back into the Economy

The idea that economics is the study of markets is one of the greatest mistakes of our time. Properly understood, economics is the study of the production of goods and the provision of services. The market is only one realm in which goods production and service provision are found. The others are the family, the…

Reversing Economic Decline

The China Model’s Challenge to Democratic Capitalism

We 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…

Who Lost Lucent?: The Decline of America’s Telecom Equipment Industry

As America transitions to 5G wireless networks, the U.S. intelligence community sees the Chinese telecom giant Huawei as a systemic security risk. In response, President Trump has banned the use of Chinese 5G equipment in U.S. networks. But despite these measures, there is still deep concern that eventually Huawei will dominate global markets, displacing the…

The High Stakes of Quantum Computing

Quantum computing, which exploits the entanglement of particles that so infuriated Einstein (“spooky action at a distance”), is not a receding mirage like cold fusion, feasible in theory but not in prac­tice. It is already with us as Google, IBM, IonQ, Rigetti, and Honey­well have assembled working specimens of suitably otherworldly appearance. We are thus…

What Comes after the U.S.-China Phase One Trade Deal?

What should the United States do next about the trade and broader economic challenge posed by China? This question, which was raised in January as soon as the two governments signed a deal tantalizingly called “phase one,” has seemed especially difficult to answer since President Trump declared on July 14 that he wasn’t interested in…

The Heartland’s Revival

For roughly the past half century, the middle swath of America has been widely written off as reactionary, backward, and des­tined for unceasing decline. CNBC recently ranked the “worst states” to live in, and almost all were in what is typically defined as the Heartland.1 Paul Krugman of the New York Times sees the region…

New Directions for Left and Right

Toward the Next Frontier: The Case for a New Liberal Nationalism

When labor and civil rights leaders A. Philip Randolph and Bayard Rustin put forward their ambitious Freedom Budget for All Americans in 1966, they couched their political argument in the powerful idiom of liberal nationalism. “For better or worse,” Randolph avowed in his introduction, “We are one nation and one people.” The Freedom Budget, he went on, constituted “a challenge to the best traditions and possibilities of America” and “a call to all those who have grown weary of slogans and gestures to rededicate themselves to the cause of social reconstruction.” It was also, he added, “a plea to men of good will to give tangible substance to long-proclaimed ideals.”…

From Conservatism to Postliberalism: The Right after 2020

In 2016, voters on both sides of the Atlantic shocked the political establishment by voting for Brexit and Donald Trump. In the eyes of their critics, these movements represented the resurgence of dan­gerous forms of populism and nationalism. Combined with earlier “nationalist-populist” victories in central Europe, and rising support for populist parties elsewhere, commentators at…

Theodore Roosevelt and the Case for a Popular Constitution

In early 1912, Theodore Roosevelt began his legendary campaign for a third term in the White House. The endeavor would lead him to break with his native Republican Party and champion the infant “Bull Moose” Progressive Party in one of the most colorful presidential runs to date. Sensing the weight of that year’s struggle, Roosevelt…

Promised Lands

The Rise of Conservatism in Israel

Israeli society was long perceived as culturally, socially, and polit­ically liberal, similar in orientation to societies in North America and western Europe. Its more recent rightward turn has thus triggered much hand-wringing—both at home and among friends abroad. Those whom Menachem Mautner terms Israel’s “liberal for­mer hegemons” (LFHs), secular Ashkenazi Jews in law, media, business,…

Express Train to Nowhere: Class and the Crisis of the Modern Jewish Soul

One hundred years ago, on New Year’s Eve 1919, a small, newly formed Yiddish acting troupe staged the first performance of a comedy titled Bronx Express. The play opens on a summer evening as a grimy, bearded Jewish workingman named Harry Hungershtolts (meaning “Hunger-proud”), exhausted after a day at the factory sew­ing buttons onto garments,…

Sorry, PDF downloads are available
to subscribers only.

Subscribe

Already subscribed?
Sign In With Your AAJ Account | Sign In with Blink