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Each week, In Theory takes on a big idea in the news and explores it from a range of perspectives. This week, we’re talking about financialization. Need a primer? Catch up here. Our economy has increasingly been financialized, and the result is a sluggish economy with stagnant wages. Weneed to decide whether to stop the... Read More
Reports of Tokyo's Economic Decline Are Greatly Exaggerated
Although the 50th anniversary of V-J Day finds Japan at a low ebb, recent financial difficulties in Tokyo should not be allowed to obscure the extent of Japan's extraordinary economic achievements in the postwar era. For one thing, many of Japan's recent problems have been exaggerated abroad. In many ways, Japan today is actually a... Read More
Category Classics
Which superpower is more threatened by its “extractive elites”?
The sources of America’s immigration problems—and a possible solution