https://www.scmp.com/rss/326594/feed Edmund S. Phelps, the 2006 Nobel laureate in Economics, is director of the Centre on Capitalism and Society at Columbia University and the author of Mass Flourishing. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com As public discontent forces a political reckoning in many developed economies, the social contract binding together markets, states and citizens is being reimagined. Today’s anger and alienation present an opportunity to address cracks in our societies’ economic foundations, starting in the United States. Commercial activity is being rapidly digitised at scale, suggesting that the largest and most successful companies in the technology sector – from Amazon to Zoom – will continue to be dominant... https://www.scmp.com/comment/opinion/article/3150527/post-pandemic-us-can-revive-prosperity-through-commitment?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3150527/post-pandemic-us-can-revive-prosperity-through-commitment?utm_source=rss_feed Wed, 29 Sep 2021 17:30:13 +0000 From the early 19th century to the early 20th century, Western countries attributed their economic growth to the discoveries of “scientists and navigators”. A country needed only the “zeal” to develop “obvious” commercial applications, and build the facilities to meet demand for new products. Until recently, the Chinese believed the same thing. But now, Chinese businesspeople and entrepreneurs are increasingly showing not only the entrepreneurial drive to adapt to new opportunities, but also the... https://www.scmp.com/comment/insight-opinion/article/2135974/china-shows-competition-leads-innovation-something-west?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/2135974/china-shows-competition-leads-innovation-something-west?utm_source=rss_feed Tue, 06 Mar 2018 09:28:07 +0000