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Would sectoral bargaining provide a better framework for American labor law?

American Compass’s Oren Cass spotlights the ideological contest between libertarian Republicans and post-Trump conservatives for the future identity of the American political right.

This morning’s commentary from the Wall Street Journal editorial board is of great scientific import, a fragile creature crushed into a perfectly preserved fossil by the forces of reality. Future researchers tracing the evolution of the American right-of-center from market fundamentalism to a viable economic conservatism will regard it as a vital transitional form—like a fish with legs but no lungs: laughably incoherent, woefully unsuited to its environment, and yet also an unmistakable sign of progress and a harbinger of better things to come.

American Compass’s Oren Cass reviews Joe Biden’s acceptance speech for the 2020 Democratic presidential nomination.

Business leaders have lost contact with the communities and institutions that might hold them accountable, escaped from the oversight and regulation that would channel their activities, and proven themselves shameless in the face of whatever weak standards of decency the culture still attempts to muster.

Good jobs benefit workers and boost corporate performance, so why aren’t there more of them?

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

Redistribution is a vital topic for conservatives as we question stale orthodoxies and reexamine how first principles can help to address modern challenges. In this respect I agree entirely with Read more…

The Wall Street Journal’s defense of private equity (“Populists Don’t Know Much About Private Equity”) is an impressionist masterpiece of market fundamentalism, relying on the unexamined assumption that fees paid to private-equity partners represent “social value.” One can simply step back and gawk in amazement, but true appreciation requires poring over each brushstroke.

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.

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.

Professor Dan Drezner is again illustrating how we ended up with a misbegotten consensus on globalization built upon inadequate assumptions and shallow analysis. A couple of weeks ago, we encountered him badly mischaracterizing a study about the supposed value of trade liberalization. Breezing past that issue, he is back now with a more outlandish claim, that: “a world in which ‘trade were balanced, domestic industry robust, and productivity rising’ is a world that not only does not exist, but very likely cannot exist” (emphasis in original).