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By Bruce E. LEVINE Given my experience with young people’s hopelessness, I was skeptical of a Harvard Kennedy School spring 2021 poll of 18-to-29 year olds that…
The 2008 financial crisis is an obvious example of a poorly functioning financial sector—but not because financial markets were deregulated in the 1990s. In fact, the primary causes of the 2008 crisis were excessive government regulation, over-involvement, and poor monetary policy. Financial firms funded too much unsustainable activity largely because of the rules and regulations they faced, as well as the widespread expectation that the federal government would step in to mitigate private losses.
The House bill could mandate structural separation of the e-commerce giant and other big tech companies that Congress spent 15 months investigating as part of an inquiry into their size and power.
A plan for saving democratic capitalism from itself Economic systems must balance efficiency with resilience in order to survive and flourish. Photograph by Dilok Klaisataporn The marriage of democracy and capitalism has been arguably the greatest force for good in history, giving the creativity and enterprise of talented individuals the freedom to generate value in which all of us can share. History also shows, however, that this system’s continued survival cannot be guaranteed. Machines that process inputs into outputs are judged and compared according to the efficiency with which they c...