ABSTRACT
The chapter begins by revisiting the broad transformations in state in market covered throughout the book. Given these transformations, it argues that current institutional arrangements leave us seriously unprepared to deal with major societal risks we face moving forward. These include the following: growing challenges associated with the US becoming a truly aging society in the context of emerging retirement and broader health crises; the persistence of poverty; employment uncertainty (much of which is driven by AI advances associated with tech); education and criminal justice challenges; and environmental and ecological threats. Adapting to present and future societal risks will require a rebalancing of market fundamentalism toward a more institutionally robust knowledge and caring society. Shifting political dynamics may just point to such rebalancing in the future. First, the growing numbers of women winning political office in the US is one promising sign, as women have historically been more mindful of and vocal about issues of caring. Furthermore, millennials seem to be more receptive to state-sponsored solutions to mitigate the many societal risks they must confront in their adult lives, and corporate elites are taking notice.
