innovation

  For half a century, advanced economies systematically lowered taxes on savings and investment to raise productivity and wages. Concerns about the growth of artificial intelligence may be unwinding that consensus among some pundits and policymakers. For example, a widely read Wall Street Journal column argues that the answer to AI fears is to tax […]

Can free markets protect the environment better than government regulation? In this talk, Matt Ridley explains how property rights, innovation, and market incentives can deliver effective environmental protection while fostering prosperity. 

  Several important events occurred in the economy this June. Topping the list was the record initial public offering of SpaceX, which will be followed by two IPOs in the artificial intelligence sector: Anthropic and OpenAI. On the less positive side, inflation remains elevated and public debt continues to soar across the developed world, including […]

  Personalities such as Elon Musk and big-tech founders are on the frontlines. The infrastructure, communication and disruptive technologies they create are revolutionizing the economy and society. Although in general beneficial and exciting, the developments also create envy and anxieties. Jeff Bezos, who founded Amazon and publishes The Washington Post, is also reaching for the stars […]

  When it comes to the global tech race, the European Union is so far behind it is not even near the racetrack. Lagging in almost every technological innovation category and falling behind global peers in high-tech manufacturing, the EU has turned, as usual, to regulation: local content rules (LCRs). These are supposed to save […]