A first draft, and much more a posing of an important problem than an answer. A peek for paid subscribers only…

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In 1980, America faced a crossroads: double down on “free markets” or embrace industrial policy? We chose the former. That choice has left us ill-equipped to face today’s challenges. Now, threatened by global warming, geopolitical crisis, and the political and welfare consequences of our new gilded age, we need to choose again. But how to choose wisely, and how to make the choices among alternatives that are themselves wise?

Ghosts of decisions past are watching us closely…

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