Read our latest collection: Regaining Our Balance: How to Right the Wrongs of Globalization
The Commons
Private Funds Could Be Your Friends Share This
The basic motivation behind American Compass’s Coin-Flip Capitalism project seems to be scrutinizing the private fund industry—an industry that is indeed poorly understood by most—under the suspicion that, amidst its mysteries and its trillions, it may be detracting from our national welfare. Fair enough. But as a long-time participant in the industry, and even more […]
Libertarianism For Me, Authoritarianism For Thee Share This
If you spend significant time in poor communities, especially poor black communities, you wonder why they don’t explode in protest more often. The inequality that is a concerning statistic to academics and politicians is their daily commute from cleaning the office of a Wall Street bank to a home surrounded by boarded-up buildings. The oppressive […]
Economies of Scale Versus Big Business Share This
Last week, some very large employers – including Salesforce, Tesla, and Walmart – called for a corporate merger moratorium for hospitals and doctors groups. It’s unusual to have the paragons of big business assert the need for aggressive antitrust, but it speaks to how confused our current economic debates really are. My first blog post […]
Marco Rubio Takes on Deindustrialization and Race Share This
Re: Deindustrialization, racial discrimination, and the case for common good capitalism
The decline in American manufacturing hurt workers of every racial background.
What About the Rotten Culture of the Rich? Share This
We used to joke on Wall Street that you should marry a trader at another firm, trade with only each other, and by end of the year one would have made a lot of money and the other lost the exact same amount. The winner would be paid a big bonus, and the loser only […]
Time for a Hegelian Synthesis on Trade and Globalization Share This
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 […]
Free Trade and the Paradox of Consumption Share This
Re: Yes, We Should Care About Huawei
In a recent post, Rachel Bovard rightly defended the notion that in certain instances national security considerations should supersede free trade considerations. She specifically cited the ban on Huawei in the context of a discussion of a recent Real Clear Markets column by economist John Tamny, who makes a traditional free market case against the ban […]
Hamiltonian Means, Jeffersonian Ends Share This
My American Compass co-blogger, Michael Lind, likes to portray America’s development as a tug of war between the ideals of Alexander Hamilton and Thomas Jefferson — nation builders and industrialists on the one hand, and laissez-faire localists on the other. It’s an eye-opening way to interpret the turning points throughout U.S. history, and yet the […]
Yes, We Should Care About Huawei Share This
Re: Oren Cass Is Advising Marco Rubio on How To Not Be President
In a recent Real Clear Markets column, economist John Tamny made the case that Oren Cass’s policy advice is backwards and will result in political doom for, in Tamny’s words, “the hyper emotional Marco Rubio.” The personal invectives against Cass and Rubio (of which there are several) aside, this sentence in Tamny’s piece caught me […]
We Will NOT Run Out of Jobs Share This
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 […]
Good Policy Is Good Politics Share This
Try as we might, those of us who dare to challenge economic orthodoxy within the GOP are unlikely to prevail on policy and moral grounds alone. But the politics of today offer us another course that is just as powerful: offering a prescription to protect from impending electoral doom of the party if the course […]
Trickle-down Distrust Share This
Re: Whither Corruption and Conservatism? (Matt Stoller)
In his recent post Matt Stoller observes that a common theme at The Commons thus far is “the reemergence of the state as the key locus of legitimacy for the exercise of power” and urges conservatives to think about corruption and statecraft. What’s needed, he says, “is a vision of how to structure such a […]