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“Her omission understates drug spending by almost one-third, or about $145 billion. She claimed most drugs are developed in pharmaceutical firms, but funding from the National Institutes of Health contributed to all 356 new drugs approved by the Food and Drug Administration from 2010 to 2019. Drug corporations take a handoff after the most risky research is done and a drug shows promise.” — David Mitchell

“Blindly” Engaging in Global Supply Chains Can Erode Developing Nations’ Economic Power

Wall Street Journal

The Guardian

Destin Jenkins, Assistant Professor of History at the University of Chicago, discusses his book on municipal debt and its role in fostering racial capitalism in American cities.

“But some progressives are worried that “Biden is working backwards from identity,” as one longtime political observer put it, designing a cabinet stocked with diversity but less focused on making the changes that many progressives see as long overdue, both in terms of domestic and foreign policy. “I applaud the formidable progress in the diversity of cabinet and key administration appointments. It is long overdue for America,” said Robert Johnson, the president of the Soros-backed Institute for New Economic Thinking. “But it is not a substitute for taking on monied power interests to produce reform leading to broad-based prosperity. If identity politics is used as a mask to avoid that enormous challenge, it will be very dangerous for the already polarized politics of the USA.” — Michael Hirsh, Foreign Policy

How the fear-of-the-new transformed a “miracle” into an aborted attempt at catching-up

A poem seems to be an almost perfect metaphor for the modern corporate world.

Just as the agricultural share of employment has fallen from 40% in the 1920s to less than 2% of the workforce in Europe today, manufacturing’s share of employment will fall to less than 5% of employment.

How do we build communities that actually work for people?

NY Times (12/1/2024) & Rolling Stone (12/3/2024)

Is China’s manufacturing sector in decline?

A panel discussion on the importance of the role of the state alongside private enterprise to encourage innovative entrepreneurship, productivity and economic growth in an “Innovation Economy.”

Public policy researcher and writer Seth Klein discusses his new book, A Good War: Mobilizing Canada for the Climate Emergency, which looks at the example that the mobilization for World War II sets in terms of mobilizing society and resources for coping with an emergency.