A great essay by an HBS professor who lays out the strengths and weaknesses of the American economy, and then gives concrete steps of how government can make the U.S. Economy more competitive.

I would argue that policy failures are not the reason for our eroding success. I could hardly call lurching from one stopgap measure to the next a policy--any more than I could call it a strategy. Though many of his points are excellent, he seems to be arguing at cross purposes. And ultimately gives little hint at what strategy he recommends that would solve the issues he points to.

The first section extolling the strengths of the American system seem at odds with the second section pointing out where America stands in the ratings compared to other countries.