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

If we want growth today to be more innovation-driven, more inclusive and more sustainable, then we need a more active state, not a less active one. Yet we still hear the dogma that we should just fix market failure by focusing on science and infrastructure, and to "level the playing field."

Germany is using its Energiewende policy as a way of envisioning a green transformation and innovation across many sectors.

With a Trump administration we don't know enough yet to make predictions, but if past behavior is any indication, I am not encouraged.

Rethinking capitalism means rethinking the role of the public sector, the role of the private sector, the role of finance, and the relationship between them all.

Another similarity of Brexit and Trump's campaigns was an attack on so-called elites. This is not so much a failure of capitalism as of its high priests in the economic profession, for which we must all take some responsibility.

Unfortunately, simplistic framing of problems leads to simplistic answers.