Imagine a modernized Republican party which understood that automation, not the weakening China trade shock, is the biggest threat to jobs. It would spend as much time fashioning serious education and work-support policies as it currently does pushing tax-cuts for the rich. A reformed party would seek to attract more foreign workers and entrepreneurs with a good chance of succeeding in an economy on the technological frontier. Perhaps most importantly, it would seek to accelerate growth by ensuring that tax, spending and regulatory reforms promote a competitive, not crony, capitalism.
November 20, 2018 at 9:00 AM EST