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

The actual division of labor must be reflected in the division of the rewards (and prices, which is the way the consumer gets rewarded).

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

Mainstream economic theories popular in the last several decades have tended to downplay the government's role in markets and to increase skepticism about even that more limited role. Austerity, particularly in Europe, has added to the problem. It has not worked, even on its own terms.

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

Brexit and Trump have brought the problems of capitalism into sharp relief, but both are only making things worse. Take the investment challenge - businesses invest where there they see technological or market opportunity.

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.