Nation: What is holding us back?

In material terms at least, the panorama of American progress is stupendous. Poverty, racial injustice and crime rebuke American affluence, but it verges on fantasy to call the U.S. a failed society. No other nation has ever remotely matched the U.S. in both human and material resources. The American problem is almost purely one of logistics and priorities: how to use these resources far more wisely.

In the past ten years, the growth of the American economy has far outstripped the comprehension of most individuals; even economists are at a loss for an abstract theory to explain it. But beyond dispute...

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