NRPLUS MEMBER ARTICLE

O
ren Cass, the executive director of American Compass, has written a long article called “Searching for Capitalism in the Wreckage of Globalism.” In it, he describes his personal journey from being a proponent of free trade to becoming a skeptic. He argues that economists have been reading economic theory on trade wrong for years and what we need is a “bounded market.”

Cass writes that the bounded market he envisions would not be a closed economy, nor would it be centrally planned. He writes, “A great benefit of defining clear boundaries for the market and then deferring to private-sector competition therein …