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Bad Trade
“Bad competitiveness” results in weakening demand, which either reduces global production or requires surging debt to maintain demand and production at its existing level. Perhaps that rings a bell, because it is the world we live in.
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The 2023 Cost-of-Thriving Index
Tracking the catastrophic erosion of middle-class life in America
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Searching for Capitalism in the Wreckage of Globalization
Mutual dependence between capital and labor, not mere “economic freedom,” is what Adam Smith so ably described. Globalization destroys it.
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2022 Annual Report
The platform we have built for a new conservative economic agenda—with its strong intellectual foundation, robust organizational infrastructure, and concrete policy proposals—is welcoming converts and playing host to the policymaking process.

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October 7, 2022
• Michael Pettis
China, Financialization, Globalization, Trade
Bad Trade

“Bad competitiveness” results in weakening demand, which either reduces global production or requires surging debt to maintain demand and production at its existing level. Perhaps that rings a bell, because it is the world we live in.

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