Memo to Hillary: Here's How to Fix American Capitalism

My piece yesterday examined Hillary Clinton’s economic policy and its focus on “Quarterly Capitalism,” the obsession of corporations with current profits at the expense of important and valuable long-term investment. Her policy correctly concludes that this obsession causes important misallocation of economic resources. As a consequence, our economy falls short in providing well-paying jobs to the vast majority of households and fails to make needed investments in infrastructure and sustainability.