“Bad competitiveness” results in weakening demand, which either reduces global production or requires surging debt to maintain demand and production at its existing level. Perhaps that rings a bell, because it is the world we live in.

Public policy should recognize that employers, not universities, often provide the most socially valuable form of training and should redirect public resources accordingly.

Mutual dependence between capital and labor, not mere “economic freedom,” is what Adam Smith so ably described. Globalization destroys it.

This year, as the right-of-center contemplates its path forward, American Compass has emerged as the leader in scrutinizing the outdated orthodoxy and developing genuinely conservative economic thinking.