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Corporations in the Community of Communities

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

agricultural automation
All Productivity is Good: Even Automation

One of the few times when I have found myself in agreement with Paul Krugman is when he famously wrote, “Productivity isn’t everything, but in the long run it is almost everything.” Yet, today, this statement is not only passé, but downright suspect, at least among many U.S. elites. For in a world characterized by neo-Luddite fear of new technologies and outlandish claims that technology will destroy most of our jobs, public and elite opinion has shifted to a view that “productivity is almost nothing, especially if any worker loses their job from it.”

U.S. Capitol Building at Dusk.
Steps in the Right Direction: Two Proposals for Funding U.S. Semiconductor Foundries

There are many reasons to be pessimistic about the future of this country at the moment, and most of them are hard to ignore. But there are also new glimmers of hope appearing in important areas, even if they don’t get much media attention.

An Industrial Policy by any Another Name…

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.

Should There be Legal and Ethical Limits to National Developmentalism?

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…

America Cottons on to Industrial Policy Again

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.

Contain China if Necessary, but Emulate Features of its Industrial Policy to Ensure Long Term Economic Prosperity

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:

America Must Fight For Global Industry Leadership Again

American Compass’s Wells King outlines the proposals from the “Moving the Chains” reshoring policy symposium.

Unexplored Pathways

A Response to David P. Goldman

Don’t Give Up on Bringing Manufacturing Back to the U.S.

Columnist Noah Smith appraises American Compass’s reshoring policy symposium: “Moving the Chains.”

A Better Model for Worker Training

A Response to Samuel Hammond

Change Market Structure, Not the Tax Code

A Response to Rob Atkinson

Echoing the Imperative

A Response to David P. Goldman

Diplomatic Considerations for LCRs

A Response to Michael Lind

Lessons from China

A Response to Michael Lind

Reshoring with the Government We Have

A Response to Ganesh Sitaraman

The Limits of Regulatory Capture

A Response to Ganesh Sitaraman

Doubling Down on R&D

A Response to Willy Shih

A Note on High-Tech Infrastructure

A Response to Willy Shih and Terrence Keeley

On Terms of Trade

The international trading system must recover the core principles of reciprocity, security, and democracy.

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