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The Seduction of the Not-Profit Economy

Over the last several decades a major shift has occurred in how many U.S. elites – pundits, advocates, policy makers, and others – think and talk about corporations. For much of the 20th century most elites viewed corporations as an institutional tool by which America could best achieve its most important economic goals: innovation and increasing living standards. To be sure, there would always the occasional Enron or Tyco scofflaw, but these were seen as the exception, to be prosecuted and shunned.

The Shy Trump Voter

A new poll of Michigan voters by Robert Calahy’s Trafalgar Group indicates a tight race. What explains the other polls that show Biden ahead by a wide margin? Calahy points to ā€œsocial desirability bias.ā€ Put simply, people don’t want to admit to socially stigmatized views, and thus won’t admit they are willing to vote for Trump. Calahy thinks this effect is greater today than it was in 2016.

Corporate Actual Responsibility

Holding corporations accountable for their obligations to workers, their families and communities, and the nation.

A Trailer in the Country: Working-Class Attitudes About Redistribution

At the beginning of a lane of public housing units pink balloons mark the mailbox and a disposable tablecloth flutters in the wind, held down on a plastic table by a box of sprinkled cupcakes with high-topped icing and another box of assorted party favors.

Pod Life or Pod School?

ā€œI will not live in the pod.ā€ This commonplace rallying cry among younger Right-aligned people on social media is approaching the status of a credal opening statement.

A Culture Canceled

The current debates over cancel culture are odd because few involved in them have been canceled, or risk being canceled, while entire institutions are indeed being canceled. Institutions that serve and amplify the interests of the working class, such as local newspapers, unions, and churches.

Oren Cass on the Lincoln Project and the Future Direction of the GOP

American Compass’s Oren Cass shares his thoughts on the Lincoln Project and his hopes for the future of the GOP.

Private Equity Captures Rather Than Creates Value

American Compass’s Oren Cass debates University of Chicago professor Todd Henderson over the question, “Does the private equity industry create substantial social value?”

Could Baby Bonds Help Reduce Wealth Inequality in America?

American Compass’s Oren Cass, Senator Cory Booker, and other experts discuss the feasibility of government baby bonds.

Three Cheers for Capitalism

How should businesses balance shareholder interests with obligations to their workers, communities, and nation?

Corporate Profits Amid Communal Decay

How should businesses balance shareholder interests with obligations to their workers, communities, and nation?

Coin-Flip Capitalism: Q3 2020 Update

Commentary on developments in private finance and the Coin-Flip Capitalism debate as of Q3 2020

Immigrants and the American Dream

From my ten years documenting the poverty, pain, and frustration of lower-income communities it is easy to conclude that the American Dream is dead for the working class. There is one big exception though: Newer immigrants, who despite poverty, are still optimistic.

A COVID-19 Economic Recovery Package that Spurs Short-Term and Long-Term Recovery

With surging COVID-19 cases in many parts of the country and a widely available vaccine months away—and with consumer and investor confidence and spending likely to be weak even with a vaccine—the odds are quite high that economic recovery will be long, drawn-out, and weak. As such, Congress is rightly debating a fifth economic recovery package.

John Ruskin and the Purpose of Political Economy

As we seek a realignment in American political economy we would do well to rediscover the thought of a 19th-century critic who did not like us very much. John Ruskin (1819–1900) found Americans obsessed with a liberty he considered license and naively committed to an ideal of equality he believed impossible: ā€œalso, as a nation, they are wholly undesirous of Rest, and incapable of it.ā€ In her utilitarian preoccupation with commercial ventures, America had inherited Montaigne’s English vice of inquietude and seemed unlikely to recover.

What a Post-Trump Republican Party Might Look Like

Ezra Klein interviews American Compass’s Oren Cass about challenging the right-wing economic orthodoxy and its quasi-religious veneration of markets, and focusing instead on clear social goals that put families first, eschew economic growth as the be-all-end-all of policymaking, and recognize the inescapability of government intervention in the economy.

Ivanka Teams With Apple, IBM to Push Job-Skills Schooling

REAL CLEAR POLITICS talks with American Compass’s Oren Cass about a new White House initiative to connect Americans with education and training programs that can be accessed immediately without requiring the time or money of a bachelor’s degree.

Corporations Do Good by Doing Well

How should businesses balance shareholder interests with obligations to their workers, communities, and nation?

Ordering Obligations for the Common Good

How should businesses balance shareholder interests with obligations to their workers, communities, and nation?

More on Social Insurance and Conservatism

In his latest contribution to our ongoing debate over social insurance and conservatism, Oren Cass clarifies some of our points of disagreement. One of them concerns the meaning and nature of ā€œsocial insuranceā€ itself. Another is whether certain proposals are sufficiently ā€œconservative.ā€

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