At the end of most US presidential elections, most Americans are ready to see the last of campaign ads, social media commentaries and tension-fraught news coverage. That’s even more true this year. But more than in most recent elections, we shouldn’t expect the frustrations and divisions that have surfaced over the past 18 months to disappear after the ballots have been counted. Tensions over class and race, especially, may die down, but they aren’t going away. If a new president will take them on, something good might yet emerge from this ugly election. read more »
n an election so ugly and so close, one is reluctant to proclaim winners. But it’s clear that there’s a loser — the very notion of the United States of America.
Instead we have populations and geographies that barely seem to belong in the same country, if not on the same planet. The electorate is so divided that many states went for either Donald Trump or Hillary Clinton by lopsided margins. The Northeast was solidly Democratic, with Clinton winning New York, Massachusetts and Vermont with three-fifths of the vote or more. Washington, D.C., heavily black and the seat of the bureaucracy and pundit class, delivered an almost Soviet-style 93% to 4% margin. read more »
This piece first appeared at Real Clear Policy.
POLICIES FOR THE NEXT ADMINISTRATION. PART 10: ECONOMIC INEQUALITY
This is the tenth in a series on the major policy ideas — from Left and Right — that should guide the next presidential administration's agenda. (For the opposing view, see David Madland, "A Path Forward for the Middle Class and the Country.")
Do we want to live in a society in which people profit when they have new ideas, products, and abilities that others are willing to pay for? If so, then we will also have economic inequality. read more »
Can the party of oligarchy also be the party of the people? Besides fending off the never-ending taint of corruption, which could weaken the extent of her “mandate,” this may prove the central challenge of a Hillary Clinton regime. read more »
A friend recently expressed an interest in how some cities are reforming their land use regulations. “I mean, there are places like LA that say they’ve thrown out the code books and are rewriting their zoning.” My short response was… No. The reality is that the city plays an expensive and byzantine game of cat and mouse with each individual neighborhood. read more »
It’s almost a truism in urbanist circles that construction of urban freeways was a bad idea.
Indianapolis Monthly magazine takes a somewhat more charitable view in its retrospective on the 40th anniversary of the completion of the downtown “inner loop” freeway. read more »
When Americans consider a move to another part of the country, they sometimes are forced to make a tough choice: should they go to a city with the best job opportunities, or a less economically vital area that offers a better standard of living, particularly more affordable housing? However, there are still plenty of metropolitan areas in the U.S. where you can get the best of both worlds. read more »
Retraining the employed and the unemployed for higher value-added skills is now more important than simply adding to the number of jobs.
Coal and steel magnate Wilbur Ross, a senior policy advisor to the Trump campaign, has just made in the pages of the Wall Street Journal an economic prediction that looks mathematically unattainable. read more »
From Southern California to Shanghai and London, inflated real estate prices have evolved into a simulacrum for broader prosperity. In an era of limited income gains, growing inequality, political dysfunction and fading productivity, the conjunction of low interest rates and essentially free money for the rich and well-placed has sparked the construction of often expensive, high-density residential housing. read more »
The story of skyrocketing rents has two components: residential and commercial.
My New York neighborhood, the Upper West Side, features fairly stable residential rents, but commercial rents seem to have been soaring. This has caused the familiar angst over the loss of neighborhood businesses to the ubiquitous bank branches and drug stores. read more »