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“Thanks to the blockbuster musical, Alexander Hamilton has become a modern cultural icon. He’s known as an architect of the federal system, building out a strong government with the capacity for both borrowing and spending. But there’s another side of his vision that doesn’t get as much attention, and that’s his belief in the importance of state-directed investment to build out a domestic manufacturing industry. Basically, he was an early advocate for industrial policy. Given that the US is currently in a phase of building out domestic manufacturing capacity in various areas, it’s time to go back and look at the history of these efforts in the US. We speak with Christian Parenti, a professor at John Jay College in New York, and the author of Radical Hamilton: Economic Lessons from a Misunderstood Founder, about this other side of Hamilton, and the economic context in which he developed this vision.”

Podcast Link.

“More importantly, none of the current rhetoric will change the
underlying economic and demographic realities. In the face of
falling birth rates and an aging population, we remain politically
unable to imagine transformative pro-natalist policies because those
would likely threaten the prerogatives of big business while
requiring cuts to the military budget and tax increases on the rich. Under
such conditions, immigration becomes a social and economic
imperative. America isn’t doing charity work by accepting
immigrants. Quite the opposite, the national economy benefits from
immigration.”

Full article published on Compact.