Moonshots and the Return of State Capitalism: A Gigantic Mistake; The True Cost of Modern Industrial Warfare; Creative Destruction in American Higher Education: Schumpeter in Action
A girl, her horse, her dog & the sunset
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Moonshots and the Return of State Capitalism: A Gigantic Mistake
Christian Sandström•Magnus Henrekson•
“The mentality of Build Back Better is not just confined to the US. Around the world, governments are resorting to the ancient tradition of using massive amounts of resources to build things that glorify the state, not add to the economy.”
“Since the financial crisis, policymakers in Western economies have turned increasingly toward large-scale industrial policies. So-called mission-oriented policies are launched as a response to many perceived problems, notably climate change and the recent urge among Western countries to reduce their dependence on China.
This renaissance of state capitalism implemented in many Western countries today, which are expressed in large-scale government programs, need to be scrutinized in a broader macroeconomic and ideological context. We do so in our new book Moonshots and the New Industrial Policy: Questioning the Mission Economy, published by Springer and available for free download. In total, twenty-three researchers from different parts of the world contribute with theoretical approaches and in-depth descriptions of industrial policy dilemmas.
Our common conclusion is that the resurrection of large-scale industrial policy is a major historical mistake.”
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The True Cost of Modern Industrial Warfare-War, Economy, and State
“Ryan and Zach talk about how the realities of expensive industrial warfare are still relevant. The Pentagon’s fantasy of precision techno-war doesn’t apply to wars with peer countries like Russia or China.”
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