Economics

When "Restoring the Rust Belt" Becomes "Restoring the Urban Middle Class"

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Here’s a followup to the post from earlier this week about my experience at a “Restoring the Urban Middle Class” conference in Houston a couple weeks ago.  read more »

Serfing the Future?

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Land ownership has shaped civilizations from their beginnings, with a constant interplay between great powers—the aristocracy, the state, the Church, the emperor—and those below them.  read more »

The Kids Are Not Alright and the Center is No Longer Holding

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Across the West, the young are losing faith in the future.

The recent French election provides a case study. In the first round vote, voters narrowly favored President Emmanuel Macron, the epitome of “enlightened” elite rule, over Marine Le Pen, the doyenne of French fascism.  read more »

The Working Classes Are a Volcano Waiting to Erupt

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Whatever the final outcome, the recent French elections have already revealed the comparative irrelevance of many elite concerns, from gender fluidity and racial injustice to the ever-present ‘climate catastrophe’. Instead, most voters in France and elsewhere are more concerned about soaring energy, food and housing costs.  read more »

Red Dusk

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David Goldman’s remarks on America’s challenges against China are, for the most part, spot-on. He is particularly on-target about two realities that may displease traditional conservatives: the failure of Trump’s China policy, and the need for some form of industrial policy.  read more »

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California's Vanished Dreams, By the Numbers

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Even today amid a mounting exodus among those who can afford it, and with its appeal diminished to businesses and newcomers, California, legendary state of American dreams, continues to inspire optimism among progressive boosters.  read more »

America is Headed for Class Warfare

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Nothing has revealed the class divide in the U.S. quite like runaway inflation and skyrocketing gas prices. But in addition to the economic impact the staggering incompetence of the Biden administration is having on the working class, there is a political one; it's undeniably driving working class voters even further from the Democrats and toward the GOP.  read more »

The Metaverse Isn't Real Yet But It's Already Really Lucrative

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In a society that seems addicted to the “new, new thing,” it is easy to pass off talk about the “metaverse” as classic techie hype. It’s not that or, at least, it’s about to be and is already becoming much more than just that.  read more »

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We Told You So: On Trade, the Working Class Was Right

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It seems impolite to say “we told you so,” but the working class and labor unions were so unjustly maligned more than two decades ago—when they fought the push to expand unfettered global trade—that it seems more than fair to serve some humble pie to global trade’s champions.  read more »

When the Arc of History Bends Back Toward the Dark Ages

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The notion that “the arc of history” favors humanity extends across the political spectrum from George W. Bush to Barack Obama.  read more »