OmniVeyor HV-100 (Image Courtesy Wikimedia https://commons.wikimedia.org/wiki/File:OmniVeyor_HV-100_Image_1.jpg) 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. […]
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 of global innovation in this industry. A typical response to the report was along the lines of “So what. The United States had industrial policies […]
A tax credit for domestic investment is the best way to reduce production costs.
Image: Shawn Collins – flicker.com It has become bipartisan sport to attack “Big Tech”, but most of the ire is directed at “Big Internet”: consumer-facing Internet companies like Amazon, Google, Facebook, Twitter, and Uber. While much of the so-called techlash is focused on the purported negative social impacts – abuse of data, platform bias, and […]
German philosopher Hegel postulated that history progresses through thesis, antithesis and then synthesis. Today we are seeing the first two dynamics with trade policy and attitudes towards globalization; we desperately need the third. For over 40 years synthesis meant unbridled support for free trade and globalization. But after failing to deal with the contradictions that […]
This seems like a strange headline given that the economy has recently shed almost 40 million jobs. But at some point with the development of a vaccine or an effective treatment, the economy will come back to normal. And when it does, so too will opposition to automation, at a time when we will need […]
Daniel Moynihan once stated that “Everyone is entitled to his own opinion, but not his own facts.” This is no more true than with today’s debate over the health of U.S. manufacturing; a debate that is critical to get right if policy makers are to respond appropriately. Apologists for the status quo paint a Pollyannaish […]
Finding a Manufacturer (Image Courtesy Wikimedia https://goo.gl/images/ozWa0Q) China’s economic rise and the damage inflicted on U.S. industry has been a wakeup call to many U.S. policymakers. But most conventional economists continue to hold firm to their ideological notion that only the market can respond, and that any more proactive government action, particularly focused on key […]