Operation Warp Speed was a triumph of public health policy. But it was also a triumph and validation of industrial policy. OWS demonstrates the strength of the U.S. developmental state, despite forty years of ideological assault.
Most emerging markets have not found an engine of durable growth comparable to manufacturing. Thus most “developing” countries are in a worse structural position than they were a few decades ago: less economically complex and more socially unstable.
It is often said that today’s 18-year-olds behave like the 15-year-olds of the 1990s, but this is altogether too generous: one would be hard-pressed to find a grown adult today with the organizational competence of the midcentury Glaswegian second-grader.
The US has little capacity to produce generic antibiotics for ear infections, bronchitis, pneumonia, sepsis, etc. China dominates the global supply of raw materials to make them. America is exposed to supply disruptions of thousands of generic medicines.
The market fundamentalists are wrong. The reemergence of “economic nationalism” does not represent a departure from the Anglo-American conservative tradition; it is a long overdue return to it.
Julius Krein:
The real class war is between the 0.1 percent and (at most) the 10 percent—or, more precisely, between elites primarily dependent on capital gains and those primarily dependent on professional labor.
Patrick Deneen reviews Michael Sandel's The Tyranny of Merit:
When a philosopher and political observer such as Michael Sandel identifies our regime as a meritocracy and singles it out as tyrannical, it is time to pay attention.
Many self-described left-populists refuse to acknowledge the deep unpopularity of cultural leftism, and so their appropriation of the populist label is often at least as dubious as efforts by the neoliberal Right to don the same mantle. --@esaagar
The End of History has ended, but what is replacing it cannot yet be called “History,” since no new comprehensive ideology has arisen that could challenge neoliberal dominance... @hpmacd reviews @BungaCast:
Everywhere the Right is successful, it is shifting toward a postliberal reintegration of society, economy & state. Instead of trying to make voters neoliberals, the Right should give them what they want: an economy supporting the nation & family life.
americanaffairsjournal.org/2020/08/from-c…
Uber’s Path of Destruction - by Hubert Horan
"The widespread belief that Uber is a highly innovative and successful company has no basis in economic reality."
americanaffairsjournal.org/2019/05/ubers-…
The US is reliant on imports for at least 2/3 of our generic medicines, and nearly 90% of generic API facilities are overseas. Nearly half of all generics on the FDA’s new essential medicines list appear in some form on the FDA’s drug shortage list.
Capitalism’s categorical imperative of work and consumption is, in the end, at odds with its structural needs, as it discourages family formation and thus stymies the capitalist economy’s ability to grow. This is its core contradiction.
americanaffairsjournal.org/2022/11/capita…
