“The notion that power should be limited so that no person or institution can enjoy unaccountable influence is at the very root of our democracy.” — Tim Wu, Columbia University Capitalism is the most powerful system devised to elevate the human condition. Its oxygen is innovation, which requires healthy markets…

For decades, America has predicted — arrogantly and repeatedly — the imminent fall of a nation. The doomed nation, according to Americans? A: America. In the ’80s, we decided Japan was doing to us economically what they couldn’t do militarily four decades prior. My second year in business school (Berkeley…

A lot can happen in 18 months. Last January, the Nasdaq and venture funding were fresh off all-time highs. The market was birthing two unicorns (startups worth more than $1 billion) per day. Then the music stopped. Tech stocks led a market collapse with some shedding more than 90% of…

I don’t know, nobody does. However, I believe it is increasingly likely Donald Trump withdraws from the race for president as the result of a plea deal. Why? A: math. — Facing prosecutions in at least three jurisdictions, it’s likely, if he is not reelected, Trump will be tried, convicted, and sent to prison. I don’t believe this will happen, as a plea deal serves everyone’s interests. Trump and the prosecutors, I speculate, will settle for a lifetime ban on serving…

Hollywood’s writers and actors are on strike. As I’ve written before, their leaders have picked the wrong moment to cast themselves in a working-class drama. In sum, they have little leverage, as there are too many of them and the strike is a gift for studios looking to slow the…

It’s time again to start investing. America needs young men, and they need us. — America has a vision of itself as the land of opportunity, with rights and liberty for everyone. That is not and has never been the reality. But for 250 years we’ve been closing that gap at a greater pace than any other multicultural democracy. Lately, however, there’s evidence we’re losing…

Last week, Twitter became MySpace: a social network void of innovation being slowly euthanized by Meta. In less than a week, Meta’s Threads registered 110 million users — equivalent to the combined population of Germany and Australia, and the most violent corporate disruption in platform history. What can be learned?

It’s higher education — What if there was a drug that extended life, made you happier, healthier, and wealthier, and strengthened your relationships? The good news: It exists. The bad news: It’s being needlessly hoarded. This drug is higher education. America is the world’s premier source, producing the compound at a purity no other…

The search for truth is the pursuit of comfort in the face of doubt. Over the past few centuries, the scientific method — and the empirical proof it offers — has increasingly become the world’s go-to for answers. …