Economics

The Politics of Migration: From Blue to Red

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Democratic “blue” state attitudes may dominate the national media, but they can’t yet tell people where to live. Despite all the hype about a massive “back to the city” movement and the supposed superiority of ultra-expensive liberal regions, people are increasingly moving to red states and regions, as well as to suburbs and exurbs.  read more »

Leaving California? After slowing, the trend intensifies

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Given its iconic hold on the American imagination, the idea that more Americans are leaving California than coming breaches our own sense of uniqueness and promise. Yet, even as the economy has recovered, notably in the Bay Area and in pockets along the coast, the latest U.S. Census Bureau estimates show that domestic migrants continue to leave the state more rapidly than they enter it.  read more »

Deindustrialisation in Sydney

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According to property analysts CoreLogic, the Sydney median vacant land selling price has hit $450,000, a massive 20.5 per cent higher than the same time last year.  read more »

Universal Basic Income: A “Social Vaccine” for Technological Displacement?

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John Kenneth Galbraith once said that the beginnings of wisdom were to never trust an economist. Those of us that spent most of our adult lives in deindustrialized communities understood his point.  read more »

Subjects:

Trump’s Choice: Populism or Corporatism

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The real division in American politics today is no longer right or left, but rather between populism and an increasingly dominant corporate ruling class. This division is obvious within the Trump administration, elected on a nationalist and populist program but increasingly tilting toward a more corporatist orientation.  read more »

Welcome to South Chicago

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If you've been reading my stuff here long enough, you probably know that cringe when I hear people talk about Chicago's South Side as a monolith, as code for black and poor.  The truth is, there are many facets to the South Side.  It is largely black, but not exclusively so; it is less wealthy than other parts of the city and region, but with pockets of wealth also.  It has its very troubled spots, but it has places of promise.  read more »

The other California: A flyover state within a state

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California may never secede, or divide into different states, but it has effectively split into entities that could not be more different. On one side is the much-celebrated, post-industrial, coastal California, beneficiary of both the Tech Boom 2.0 and a relentlessly inflating property market. The other California, located in the state’s interior, is still tied to basic industries like homebuilding, manufacturing, energy and agriculture. It is populated largely by working- and middle-class people who, overall, earn roughly half that of those on the coast.  read more »

The End of the Asian Era

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For the past 40 years, the Pacific Rim has been, if you will, California’s trump card. But now, in the age of President Donald Trump and decelerating globalization, the Asian ascendency may be changing in ways that could be beneficial to our state.  read more »

What Do We Do With Shrinking Cities?

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Shrinking Cities: Understanding Urban Decline in the United States
By Russell Weaver, Sharmistha Bagchi-Sen, Jason Knight, and Amy E. Frazier
Routledge (2017)

Cities like Detroit, St. Louis, and Cleveland have lost stunning percentages of their peak population since 1950. Yet these are all in metro areas whose regional populations are much higher than in 1950, even if not at their all time peak high in all of them.  read more »

California: The Republic of Climate

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To some progressives, California’s huge endorsement for the losing side for president reflects our state’s moral superiority. Some even embrace the notion that California should secede so that we don’t have to associate with the “deplorables” who tilted less enlightened places to President-elect Donald Trump. One can imagine our political leaders even inviting President Barack Obama, who reportedly now plans to move to our state, to serve as the California Republic’s first chief executive.  read more »