Fall 2025 · Issue 36
Building the New American Economy
How to deliver growth that works for everyone

How to deliver growth that works for everyone
In this issue

Editor’s Note
Jonathan Tepperman

Populism won’t help U.S. workers. Here’s what will
Michael R. Strain
Protection, nationalism, and government intrusion won’t fix the U.S. economy. Doing that will take removing the barriers to upward mobility.

How AI could supercharge America
Neil Chilson
The United States already leads the world in high-tech development. But policy, not technology, now stands in our way.

Building a more inclusive economy
Melissa S. Kearney
America’s market-based system already delivers enormous goods. By strengthening families and skills and fighting childhood poverty, we can ensure that even more of us enjoy its benefits.

The right way to fight economic inequality
Benn Steil
Most Americans want good jobs, not handouts. Delivering them means boosting productivity – by making it easier for Americans to move, get, and switch jobs.

Preparing young Americans for our high-tech future
Robin Berkley, Alexis Yelvington
Thriving in a world of AI will take strong math and reading skills. But that’s just where the U.S. educational system is losing ground.

The Do’s and Don’ts of industrial policy
J.H. Cullum Clark
Washington’s intervention in the semiconductor industry shows that government involvement can sometimes help certain sectors grow – but at a much higher cost than most people realize.

How Beijing games the global economy
Igor Khrestin
Admitting China into the World Trade Organization was supposed to lead it to liberalize. In fact, the opposite has happened.

When help holds families back
Angela Rachidi
Despite decades of growth, many Americans still feel left behind. To change that, we must fix our social safety net so it promotes advancement instead of trapping families in hardship.

In defense of billionaires
James Pethokoukis
Attacking the uberwealthy is cheap and easy. But many billionaires enrich the whole economy – and the wrong restrictions could make all of us poorer.