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Like the Trump administration before it, the Biden administration entered office with big plans for immigration reform. As of this writing, the proposed U.S. Citizenship Act of 2021 sits in the House Judiciary Committee. It is too early to tell what will ultimately become of this attempt to resolve one of the most controversial issues…
Read MoreFor most of the twentieth century, the neoclassical synthesis in economics was generally believed to provide a solid basis for public policy. There were, nonetheless, significant dissenters. Hyman Minsky, for instance, wrote that “modern orthodox economics is not and cannot be a basis for a serious approach to economic policy…
Read MoreIt is an understatement to say that Americans and Canadians do immigration differently. It is not only vastly different immigration policies and systems that separate the two countries, nor merely the facts of geography—as undeniably significant as it is to share a long border with a less developed neighbor—but there are also sharply divergent histories, cultures, values, principles…
Read MoreOver the past four years, the Trump administration—driven by growing concerns over China’s rise as a technological competitor and the coupling of its military and civilian industries—has ratcheted up controls on semiconductors and semiconductor manufacturing equipment destined for Chinese end users. China hawks in the administration viewed American companies’ dominance of key semiconductor subsectors, particularly…
Read MoreIt 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…
Read MoreGovernment responses to Covid-19 will reshape the U.S. economy for the next decade. But why did America’s economy deliver such slow growth during the previous decade, as well as before the 2008 global financial crisis? Why has the U.S. economy consistently generated rising income inequality and sluggish investment for so long? Answering these questions helps…
Read MorePiketty’s earlier thesis, which all but disappears in the new book, was that the tendency of returns on capital to exceed the rate of economic growth threatens to undermine not only democracy but capitalism itself. Piketty, however, had little to say about the deeper political-ideological dynamics driving these trends. This latest book is an attempt to fill that gap. Capital and Ideology aims to explain not only what has happened but why. In particular, the book focuses on the relationship between inequality…
Read MorePhysicist Richard Feynman had the following advice for those interested in science: “So I hope you can accept Nature as She is—absurd.”1 Here Feynman captures in stark terms the most basic insight of modern science: nature is not understandable in terms of ordinary physical concepts and is, therefore, absurd. The unintelligibility of nature has huge…
Read MoreA new political formation has arrived on the scene: technopopulism, or the synthesis of populism and technocracy. At first blush, such a formulation might seem like a contradiction. Technocracy and populism are typically understood as being deeply antagonistic to each other, perhaps appearing even as polar opposites: the rule of the experts versus the rule…
Read MoreThe overall thrust of Power’s argument is to deny the need for any accounting of how good intentions can drive perverse results in the use of state power abroad. Only copping to forgivable or unintentional mistakes, it pushes back against the possibility of ethical compromise in crossing the Rubicon from government critic to government service…
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