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Here you go: The Netherlands is often credited as some of the most modern and forward-thinking economies in the world. In fact, many of the progressive policies like high tax rates and high government spending that are being proposed to the U.S. government have been commonplace in the...

I would say yes without question, and a good example in this regard is how the Netherlands is a more unequal economy than the United States, but has nowhere near the same amount of economies issues we do.

I'm not trying to be a dick, but without counter-evidence, it amounts to a "just trust me bro" style of argument. There is no evidence you can't save industrial focused economies, and in fact multiple real world examples of exactly this being done. Germany, the Netherlands, and Norway-which are...

What took place IOTL and why wouldn't it work? The only place I know of that tried a Tobin Tax-Europe-did not see mass deindustrialization. For most of the EU, they held steady or even gained in industrial employment. Which paper, there's three alone in the OP and I have several more? The...

I think the Tobin Tax is an excellent way to do that.

It's why I included the bit about the Tobin Tax, which Brookings found reduced the tendencies of businesses to do as you note, reducing things like stock buybacks over capital investments that updated machinery. Basically, it puts them into the position of having to do upgrades to factories...

If we maintain the existing regulatory and taxation regime, combined with the particulars of corporate culture that emerged in about the 1980s, I'd agree, that's why I'm proposing a change under Nixon. All of these aforementioned issues can be fixed at that time, and thus lead to the retention...

The Terminator Myth: It’s Not Robots That Hurt Workers, by Oren Cass: Compare that period to the 21st century, when America has lost nearly five million manufacturing jobs. Was any of this because of extraordinary technological breakthroughs that caused productivity to surge, allowing firms to...