In the Arena

We see plenty of “useful idiots” today. They no longer carry the Bolsheviks’ water, but rather parrot the CCP line as they disparage the West and praise China.

Governments must treat productivity growth as a deliberate pursuit, not a happy accident. A global effort to identify, study, and replicate best-in-class practices would move us closer to that goal.

With capital-lite corporate strategies shaped by Wall Street’s demand for high returns on assets and invested capital, U.S. firms invest relatively little in robotics. Meanwhile, China’s capital-heavy model fuels rapid productivity gains.

Americans have forgotten that prosperity depends on valuing productivity, grounding ideals in realism, striving for progress, and maintaining the optimism and adventurous spirit to embrace change.

If Senator Sanders wants to raise wages, he should focus on the real cause of slow growth, lagging productivity from low capital investment, instead of stymieing AI.

Although the seven values of the American Business Creed were widely accepted in the 1950s, two have eroded over time, driven largely by changes in business itself.

Unless we can restore the growth imperative in the West, we can—no surprise—expect slower, or in the case of some countries like Canada and the UK, negative per-capita income growth.

Claims that AI-driven job destruction is inevitable could not be further from the truth. AI will boost U.S. productivity and spread new income across the economy.

It should be clear to everyone that unless Western, democratic, market-based economies start working together instead of against each other, China will dominate.

Trade policy should focus first and foremost on defense, dual-use, and enabling sectors and largely ignore nonstrategic sectors.