American corporations are having a moment. S&P 500 companies achieved 30% earnings growth in the third quarter, the third straight quarter of 25+% growth. On October 6th, the S&P 500 closed at a record above 7,800, its 28th all-time high of the year.

Don’t believe what you hear on the 6 o’clock news about the end of capitalism.
As responsible capitalists, we believe regulation has its place, and markets need guardrails. But leave markets with the latitude to adjust and they respond faster than any government possibly could.

The AI narrative is changing before our very eyes. There is no longer a debate on whether it’s useful. In recent days, the focus has been on security, and AI threatening the human race. But there is another reality brewing. We are in a token war, and the implications for our economy are consequential.

Business leaders love frameworks because they suggest we can control outcomes. We can’t. But we can understand the forces that repeatedly shape them.
Here are ten laws of business that govern our decision making on a daily basis.

Among America’s most significant problems are imbalances in our wealth and demographics. Americans are getting older, leaving the workforce, and leaning on a Social Security system that functions like a Ponzi scheme.

On the Strategy Page, we thoughtfully examine a range of business trends that inform our clients in the formation of strategy. In our annual trends series (see below), we focus on technology, economic, social, workforce, and political trends shaping our world.

The initial reactions to the AI revolution were fear and wonder.
Would millions of workers become obsolete? Could machines eventually control humanity, or destroy it? For the moment, these fears appear to be unfounded.

The U.S. labor market is downright confusing. AI is supposedly coming for everyone’s job, and yet you still can’t get a plumber to return your call.

As America approaches its 250th anniversary, it does so at a unique point in history.