Next up, artificial intelligence. In mid-2017, China announced a plan to become a global leader in artificial intelligence by 2030, sending shudders through American policy circles. One research report estimated that A.I. could add 1.6 percentage points to China’s growth by 2035.

At the moment, the United States remains the world leader in A.I., and our scientists are working hard to achieve further advances. But from the Trump administration: silence, notwithstanding a parting warning and a call to arms from President Barack Obama’s team.

As a capitalist, I’ve never believed in excessive government intervention in the economy. One of America’s greatest strengths has always been its flourishing private sector. But in a complex, global economy, the public sector should play an important role, and ours just isn’t.