A funny thing happened on the path to disruption. This decade, most of Silicon Valley’s big societal claims have turned out to be wrong. These claims arguably began around the time this cycle’s real expansion began, in late 2011. Two scholars’ 2011 text, “Race Against the Machine,” looked at some of the problems plaguing the U.S. economy — stagnant ...

  Noah Smith A little while ago, I wrote that libertarianism — the small-government philosophy codified by Robert Nozick and others in the mid-20th century — is looking a little shopworn. As efforts to slash government yield diminishing returns, and empirical evidence piles up that many government interventions are very beneficial, the minimalist state envisioned by Nozick et al. doesn’t ...

  Bloomberg Buyers of Airbus Group SE’s troubled re-engined A320 narrow-body jet are preparing for delays to the aircraft extending into next year as they scale back fleet plans and seek compensation. IndiGo, India’s biggest airline, will operate fewer of the A320neo jets in the current financial year than previously estimated, while AerCap Holdings NV, which has more than 220 ...