That we seem to have avoided another Great Depression doesn’t mean our economy is anywhere near as strong as it should be. In fact, most indicators—from unemployment to private investment—prove quite the opposite. What can be done? How can we ensure the U.S. enjoys not merely a modest recovery but the kind of buoyant prosperity we saw in the decades after World War II and briefly in the 1990s? We put the question to few political economists and will run their thoughts over the next couple weeks.
Xi'an, China—In the United States, climate-policy advocates often hold up China as a boogeyman of sorts. Last fall, Jeffrey Immelt and John Doerr penned a Washington Post op-ed lamenting the fact that the United States is "clearly not in the lead today" on clean energy. "That position is held by China." Tom Friedman has gone even further, making analogies to America's space race with the USSR.
Recently I reviewed why Amazon’s best-selling Kindle e-reader is actually an emblem of American decline. My point was that because neither Amazon nor another American company could manufacture the device, future related product development and production has potentially shifted abroad.