August 18, 2015 – Il Sole 24 Ore published an article by SEP Senior Fellow Carlo Bastasin, in which he discusses the current American electoral climate and the role of the digital revolution in the upcoming presidential elections. According to Hillary Clinton, there is something fundamentally wrong with the system, evidenced by a 0.2% per year increase in median income despite a 2% per year increase in productivity since 1970. Her campaign focuses heavily on income redistribution, marked by her sound bite that 25 hedgefund managers on Wall Street earn more than all tenured teachers combined. On the other hand, Republican favorite Marco Rubio argues that the solution is to make Americans more competitive in the “global techno-economy,” improving their ability to use new technologies to increase productivity in a professional environment.
- The full article (in Italian) is available from Il Sole 24 Ore.