RECOMMENDED READING

American capitalism has undergone a transformation into a system that might more properly be called “uncapitalism”. The real economy now serves the financial sector, instead of vice versa. Investment shortfalls and overheated financial markets have contributed to stagnant productivity and wages, declining international competitiveness and rising wealth inequality.

In a new American Compass report, we analyse nearly 50 years of public-company financial data and show that firms neither tap financial markets to fund growth nor reliably reinvest in their own health — which is what traditional models expect and what they once did.

Continue Reading at Financial Times
Oren Cass
Oren Cass is the executive director at American Compass.
@oren_cass
Recommended Reading
Has Civil Society Become Part of the Problem?

Not only markets but also mediating institutions deserve greater scrutiny from conservatives.

Confronting the Federal Deficit with Reps. Khanna and Arrington

Both taxes and spending are on the table as one progressive and one conservative join Oren Cass for discussions of how exactly to fix the budget.

Ten Years of Fighting the Dragon

Looking back at a decade of shifting the consensus on China