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EN
Thinking About American Capitalism When the Tricentennial Nears
['Josh Tubbs', 'James Pethokoukis']
American Enterprise Institute – AEI
The Wall Street Journal’s USA250 series asked a group of economists to make a long-term forecast: What will American capitalism look like in 2075?
I would guess that back at the Bicentennial, plenty of experts likely saw anything but a future where capitalism would be severely constrained by resource limits.
It was a time of stagflation, oil shocks, and a productivity slowdown that seemed to herald permanent sclerosis.
Like most of the world today, the US will have a value-added tax.
Cultural optimism will become a productive force, as solutionist thinking replaces dystopian fatalism and society once again celebrates building over blocking.
['capitalism'
'productive'
'nears'
'wsj'
'thinking'
'economists'
'policy'
'world'
'american'
'safety'
'taxes'
'today'
'jobs'
'tricentennial']