Politics

Almost all news coverage of the current election season has focused on cultural issues such as gender, race, and immigration. What the media have missed are deep socioeconomic trends driving parts of the country in divergent political directions. President Trump has overseen a significant transformation in the geography of the nation’s growth and prosperity. Instead of clustering along the coasts—as many progressives may have preferred—the nation’s economic expansion is now increasingly benefiting red states, notably in the southeast, Texas, and the intermountain West.  read more »

The ship known as the American Republic sails on, but its crew is made up of irresponsible and vicious children cast from “Lord of the Flies.” Prisoners of their own emotions, they increasingly seem impervious to the notion that their gyrations might topple their own vessel.  read more »

Is the California Dream unraveling? Joel Kotkin and Marshall Toplansky warn how California is headed towards an increasingly feudal future in their latest report, "California Feudalism: The Squeeze on the Middle Class." Click the PDF link below to read the full study.  read more »

In the imaginations of its boosters, and for many outside the state, California is often seen as the role model for the future. But, sadly, California is also moving backward toward a more feudal society.

Feudalism was about the concentration of wealth and power in a relative handful of people. Historically, California created fortunes for a few, but remained a society with enormous opportunity for outsiders, whether from other states or countries.  read more »

Long a hotbed of new technologies, California insists on seeing its transit future in the rear mirror. Rather than use innovative approaches to getting people around and to work, our state insists on spending billions on early 20th century technology such as streetcars and light rail that have diminishing relevance to our actual lives.  read more »

Two years ago, I described the Youngstown area as “crossover ground zero” for Donald Trump and the politics of resentment in working-class and rust belt communities. In local rallies during the 2016 campaign and since he took office, Trump has repeatedly promised an economic renaissance and immigration reform. These issues resonated with local voters.  read more »

Ever since the election of Donald Trump, many of our leading academic voices, like Paul Krugman, predicted everything from a stock market crash to a global recession. Slow growth, mainstream economists like Larry Summers, argued, was in the cards no matter who is in charge. That was then. Now the United States stands as by far the most dynamic high-income economy in the world.  read more »

The latest wildfire situation report indicates that about 7.3 million acres have burned to date this year. That’s about 1.2 million acres less than this same date last year, but about 1.5 million acres more than the ten-year average and a lot more than the average in the 1950s and 1960s, which was about 3.9 million acres a year.  read more »

We may be celebrating — if that’s the right word — the tenth year since the onset of the financial crisis and collapse of the real estate market. Yet before breaking out the champagne, we should recognize that the hangover is not yet over, and that a new housing crisis could be right around the corner.  read more »

The collapse of Lehman Brothers 10 years ago today began the financial crisis that crippled and even killed for some the American dream as we had known it. Donald Trump might be starting to change that, at least for Americans who aren’t determined to remain in our bluest and priciest cities.  read more »