The Commons

Private Funds Could Be Your Friends Share This

Grant Kettering | Jun 03, 2020 | Finance

Re: Coin-Flip Capitalism

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 […]

Read More

Libertarianism For Me, Authoritarianism For Thee Share This

Chris Arnade | Jun 01, 2020

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 […]

Read More

Economies of Scale Versus Big Business Share This

Matt Stoller | Jun 01, 2020

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 […]

Read More

Marco Rubio Takes on Deindustrialization and Race Share This

Samuel Hammond | May 27, 2020 | Economics

Re: Deindustrialization, racial discrimination, and the case for common good capitalism

The decline in American manufacturing hurt workers of every racial background.

Read More

What About the Rotten Culture of the Rich? Share This

Chris Arnade | May 26, 2020 | Finance

Re: Coin-Flip Capitalism

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 […]

Read More

Time for a Hegelian Synthesis on Trade and Globalization Share This

Rob Atkinson | May 26, 2020 | Trade

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 […]

Read More

Free Trade and the Paradox of Consumption Share This

Marshall Auerback | May 22, 2020 | Economic Development

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 […]

Read More

Hamiltonian Means, Jeffersonian Ends Share This

Samuel Hammond | May 20, 2020 | Economic Development

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 […]

Read More

Yes, We Should Care About Huawei Share This

Rachel Bovard | May 20, 2020 | Economics

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 […]

Read More

We Will NOT Run Out of Jobs Share This

Rob Atkinson | May 18, 2020 | Automation

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 […]

Read More

Good Policy Is Good Politics Share This

Saagar Enjeti | May 15, 2020 | Coronavirus

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 […]

Read More

Trickle-down Distrust Share This

Amber Lapp | May 15, 2020 | Corruption

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 […]

Read More