Should you bet on America? Here’s what you missed at Wonkblog’s New York event

October 30, 2013
Lively panel discussions? We got 'em.
Lively panel discussions? We got 'em.

Weren't able to join Wonkblog for our New York event earlier this week? You missed a lively discussion of America's prospects as a destination for investment dollars. Here are some key clips

Here's Ruchir Sharma, the author of "Breakout Nations: In Pursuit of the Next Economic Miracles," who argued that the slow job growth the United States has experienced the last few years shouldn't be too shocking; it is more the norm for countries that have experienced a deep financial crisis.

Diana Furchtgott-Roth, meanwhile, a senior fellow at the Manhattan Institute, sees the culprit behind slow job growth as government policies, including Obamacare, that have made it more expensive for businesses to hire.

And Barry Ritholtz, chief investment officer at Ritholtz Capital Management and a Post columnist, argued that the 21st century economy requires highly educated workers, and that if the United States doesn't do better at providing them, inequality will widen further.

But inequality isn't just a U.S. issue, argues Sharma, who sees similar underlying forces at work in the global capitals he often visits.

Indeed, for all America's challenges, Furchtgott-Roth sees a United States that remains the most desirable place to invest given a lot of bad choices--the best house in a bad neighborhood, as she puts it.
And here, Ritholtz makes the case that investors should ignore most of the nutty behavior that takes place in Washington and focus on longer-term fundamentals.

Thanks to our panelists for a fascinating discussion, and keep an eye on the blog for announcements of future live Wonkblog events!

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Brian Fung · October 30, 2013