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Just a few years ago, it was possible for nationalist Americans to warn foreign enemies like North Korea that the US was a “hyperpower.” A few decades ago, however, the label was a term of abuse.

Analysts and commentators talk about today’s “precariate.” The term plays on the Marxist notion of the proletariat, recasting it to describe gig workers, college grads whose income is swallowed by student loan debt, and wage-earners who can’t stay ahead of heath costs, childcare costs, car repair bills, and credit card debt.

The opinion pages of both the Financial Times and Wall Street Journal have featured calls for industrial policy in the past week, an encouraging trend toward realism about the necessary role for government in a free-market economy.

ITIF recently released a report about how “innovation mercantilist” policies were instrumental in enabling China to dominate the global telecom equipment industry, and how that rise came at the expense Read more…

Recently, I suggested that the United States would do well to emulate some aspects of China’s economic development model, largely on the grounds that this still constituted the optimal route to reindustrialization. If done correctly, reindustrialization can provide a key means of generating high quality jobs in the U.S. and a corresponding break from today’s prevailing market fundamentalist model characterized by precarious employment prospects, wage stagnation and the loss of many of the attributes long associated with a prosperous and stable middle class.

In March as Ohio began to shut down, Emily—a thirtysomething mom who asked that I not use her real name—worried about her family, her neighbors, and especially the elderly. She posted on her town’s Facebook page offering to grocery shop for those unable to go to the store, or to share a meal with anyone who might be hungry, saying that she’d feed them whatever she could out of her own kitchen.

The Conversation finds “a new spirit of what might be called ‘economic morality'” in the founding and mission of American Compass.

Robert Atkinson of the Information Technology and Innovation Foundation has just written a very compelling analysis of China’s national industrial policy, especially in relation to the exponential growth of its telecommunications industry. Some of the key findings of the paper, “How China’s Mercantilist Policies Have Undermined Global Innovation in the Telecom Equipment Industry” are as follows:

I was jolted by the familiar echo, reading Chris Arnade’s “Cops and Teachers,” of an argument I’ve made a thousand times. It was an obviously conservative point, turned suddenly into a refutation of a popular conservative stance.

In the early 90s, as the Soviet Union crumbled, a trickle of Eastern European students came to the US. One of my roles at Johns Hopkins was to greet them at the airport and try to help their transition.

Liberal theory starts by imagining a state of nature: a world that never existed, could never have existed, and leads liberals to a wholly unreal view of human nature.

I’ve raised the issue of social media regulation before. This is an issue that won’t be going away anytime soon in the wake of Google’s decision to ban two websites Read more…

A great deal of ink has been spilt over the issue of income inequality. This is not an undue concern. As Alexis de Tocqueville observed nearly two hundred years ago, the democratic spirit aspires to an equality of condition. But income should not be our only concern. A healthy society should also encourage an equality of dignity that transcends the merely financial.