The shift is defined by a fierce determination to expand government provision of goods and services; to support small, locally owned firms; and to break up or heavily regulate big corporations.
Articles, Op-Eds, & Blogs
August 25, 2021
August 23, 2021
De facto, a non-retroactivity principle prevents antitrust agencies from unwinding consummated mergers: Given the FTC complaint’s weaknesses, it is unlikely that even an adventurous judge will frustrate the legitimate expectations market actors ought to have from regulators. The benefits for consumers would be illusory, but the legal uncertainty that would ensue is a certainty.
August 23, 2021
Fact of the Week: Average Pay for Job Postings Involving a New Technology Decreases 15 Percent in the First Decade, Showing How Technologies Spread From High-Skilled to Lower-Skilled Occupations
Source: Bloom, et. al, “The Diffusion of Disruptive Technologies,” NBER Working Paper Series, July 2021.
August 16, 2021
Fact of the Week: The Pharmaceutical Industry Invested $83 Billion on R&D in 2019, a Tenfold Increase Since the 1980s
This growth comes with real-world improvements to patient outcomes. The decade from 2010 through 2019 saw a 60 percent increase in new drug approvals compared to the previous decade.
August 11, 2021
Advocating no growth or degrowth is not only too simplistic, doing so presents dangerous illusions that divert attention from real, more nuanced solutions to global warming.
August 10, 2021
In short, if we want growth with opportunity, we need more tech and automation, not less.
August 9, 2021
Fact of the Week: Despite Broad Business-Preservation Policies, COVID-19 Spurred Labor Reallocations That Have Raised Productivity
Recessions typically have a selective impact on firm redevelopment, with high-productivity businesses withstanding downturns better and consequently capturing larger shares of workers.
August 8, 2021
The reflexive tendency to critique tech companies has become so ingrained and the need to one-up past denouncements has become so absurd that the entire ritual has become almost farcical. Consider the claims that served as plot lines in last week’s three biggest dramas.
August 4, 2021
In contrast to other firms listed on U.S. exchanges, Chinese firms do not undergo public audits reviewed by U.S. regulators. It’s high time for the Securities and Exchange Commission to ban future listing of Chinese firms on American exchanges and for Congress to require exchanges to delist existing Chinese firms.
August 2, 2021
Fact of the Week: A 10-Point Increase in a Firm’s Share of High-Skilled Workers Correlates With a 2% Productivity Increase for Knowledge-Intensive Services and a 7% Increase for Other Services
If policymakers fail to prioritize investments into STEM-oriented human capital alongside investments in ICT, then productivity growth will stagnate and countries won’t receive the full economic benefits that ICT has to offer.