Politics

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 »

California is the great role model for America, particularly if you read the Eastern press. Yet few boosters have yet to confront the fact that the state is continuing to hemorrhage people at a higher rate, with particular losses among the family-formation age demographic critical to California’s future.  read more »

It’s hard for most of us to recall any period in the last fifty years that we could call the “good times” for labor in the U.S. Membership density in American unions has been on a steady decline. The National Labor Relations Board has certified few new unions, and mergers have become common. Almost none of the major corporate enterprises founded over the last thirty years are unionized.  read more »