Markets for the People
==========
The article discusses the debate between markets and industrial policy in the context of 'Bidenomics'. It highlights the failures of Bidenomics' industrial policy interventions and argues that conservatives should champion a new type of economics that prioritizes opportunity for the people. The article traces the rise and fall of liberalism and neoliberalism, emphasizing the importance of competition and the role of government in sustaining an environment for free markets to flourish. It suggests that neoliberals should update their theories to address the challenges of the contemporary economy, including investing in education and skill training. The article also critiques the lack of intellectual foundation in mercantilist industrial policy and highlights the problems of capital allocation and rent-seeking. It proposes that policy interventions should be more general and specific, focusing on counteracting market failures and customizing aid to address local needs. The article concludes by advocating for a new market economics that prioritizes opportunity and leaves no Americans behind.
#Bidenomics #Markets #IndustrialPolicy #Conservatives #Neoliberalism #Competition #Opportunity #CapitalAllocation #Rentseeking #Education #SkillTraining
https://www.aei.org/articles/markets-for-the-people/
American Enterprise Institute /
npub14z…4fwd3
2024-06-18 18:22:52
Author Public Key
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wss://relay.nostr.band/allPublished at
2024-06-18 18:22:52Event JSON
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"content": "Markets for the People\n==========\n\nThe article discusses the debate between markets and industrial policy in the context of 'Bidenomics'. It highlights the failures of Bidenomics' industrial policy interventions and argues that conservatives should champion a new type of economics that prioritizes opportunity for the people. The article traces the rise and fall of liberalism and neoliberalism, emphasizing the importance of competition and the role of government in sustaining an environment for free markets to flourish. It suggests that neoliberals should update their theories to address the challenges of the contemporary economy, including investing in education and skill training. The article also critiques the lack of intellectual foundation in mercantilist industrial policy and highlights the problems of capital allocation and rent-seeking. It proposes that policy interventions should be more general and specific, focusing on counteracting market failures and customizing aid to address local needs. The article concludes by advocating for a new market economics that prioritizes opportunity and leaves no Americans behind.\n\n#Bidenomics #Markets #IndustrialPolicy #Conservatives #Neoliberalism #Competition #Opportunity #CapitalAllocation #Rentseeking #Education #SkillTraining\n\nhttps://www.aei.org/articles/markets-for-the-people/",
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