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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.
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Is Trump About to Invite In the Biggest Predator in the World?
“If you look at my old speeches when I was young, very handsome,” President Trump said while announcing his “Liberation Day” tariffs last year, “I’d be on a television show. I’d be talking about how we were being ripped off.”
Josh Hawley Sees AI as a Binary Choice for the GOP
Hawley’s audience was roughly 500 people who filed into the National Building Museum in D.C. for a black-tie gala hosted by American Compass, a populist, new right think tank with deep ties to Vance and Secretary of State Marco Rubio.
Scott Bessent becomes chief salesman for Trump’s economic security pitch
Oren Cass, the founder and chief economist of American Compass, told the Washington Examiner that Bessent’s strength is communicating why “market policy people” should get on board with Trump’s platform, even though they’re effectively behind the exact economic norms the administration is trying to reverse.
