Unfortunately, simplistic framing of problems leads to simplistic answers.

Brexit and Trump's election are forcing countries to come up with new radical ideas.

We should be investing where the public returns are greatest - that is in innovation.

Markets are not static entities that are 'intervened' in (for good or bad) but are outcomes of public and private interactions.

If we look at the complexity of the challenges facing western societies today, we see that the problems are not really about outsiders, but have their roots much closer to home.

Real median household incomes in the U.S. were basically the same in 1989 as in 2014. But we are also seeing similar challenges in the U.K. in the stagnation of real wages.

The globalized nature of production and innovation means that the benefits don't necessarily stay in the country where the investments are made.