The New Economic Nationalism

Empires, city states, and nations have long pursued aggressive trade, tax, and investment policies to amass wealth. A new consensus emerged after the Great Depression and World War II supporting liberalized international trade, economic cooperation, and free markets. Today that consensus has shattered, replaced by a “new economic nationalism” of industrial policy, tariffs, and various methods of state support for the economy. Can this new approach deliver stability, national security, and p...