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Well-managed economies grow at a decent pace while keeping unemployment and inflation at low and stable levels. By these criteria, all major developed countries have been run incompetently for the past two decades. They have experienced stagnation of output and incomes, the worst recessions since the Great Depression, and, more recently, a surge in inflation.…
Read MoreGone are the days when corporate giving was confined to Little League, food banks, and other traditional causes. On today’s corporate websites, politically charged initiatives to end social or economic “inequity” or advance racial or environmental “justice” have largely replaced references to noncontroversial charities serving the common good. From the 1960s until a decade or…
Read MoreTyranny, Inc. is a book about the nature of labor relations, the conduct of corporations, and political possibilities in postindustrial America. Sohrab Ahmari, a journalist and editor whose magazine credits span the ideological spectrum from Dissent to the American Conservative, here combines anecdote and analysis with the awful ring of truth. It would be exhilarating if the portrait were not so grim. Ahmari’s first theme is coercion…
Read More“We thought we knew the story of the twentieth century,” Charles Maier notes in an announcement for his new book The Project State and Its Rivals. Both haunting and tantalizing, the sentence’s past tense speaks to a profoundly contemporary mood. As the twenty-first century progresses, confident visions about the previous century conceived from the vantage point of the 1990s—the “age of extremes” resolved by a set of liberal settlements—no longer…
Read MoreNews of an American aircraft carrier approaching Vietnam recalls a history of conflict. Yet as the USS Ronald Reagan pulled into port at Danang on June 25, 2023, she came as a sign of friendship. The visit, only the third by a U.S. aircraft carrier since the end of the Vietnam War, testified to strengthening ties between the two countries. For reasons of both realpolitik and material reality…
Read MoreIndustrial policy is no longer taboo in the United States.1 In the last two years, the federal government has undertaken multiple industrial‑innovation policy initiatives. The chips and Science Act of 2022 is designed to revitalize domestic production of semiconductors as well as to add an applied science directorate to the National Science Foundation (NSF) focused…
Read MoreGrowing, nigh-incontrovertible evidence suggests a nexus between heavy social media use and mental health issues in children and young adults, prompting numerous lawsuits against major tech companies, including TikTok, Meta, and Snap. Seattle Public Schools’ recent lawsuit, for example, accuses these social media giants of contributing to a youth mental health crisis. Many researchers have found that the negative effects of social media on minors and young adults far outweigh any benefits…
Read MoreThe question of how to fund newsgathering has made the news. With the advent of internet classifieds, the growth of massive search and social media platforms, and the wide availability of free news content, media organizations—particularly local and regional ones—have faced challenges in sustaining robust newsgathering operations. Since 2005, 2,500 newspapers, or more than a quarter…
Read MoreWestern politics has seen a shift in values and assumptions. We have reached the end of the end of history. Alternatives await. Whether in the form of conservative populism or economic progressivism, they often appear more creative and compelling than the status quo. Though insurgent movements of the Right and the Left have met with varying degrees of success…
Read MoreFrom the early 1990s to the present day, Chinese policy speeches and documents regarding the economy have been rife with the expression hongguan tiaokong. Translating this phrase into English is not entirely straightforward. Hong means large, wide, vast, and guan means to watch, to view, as well as appearance. Their combination…
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