Politics

A year into office, Donald Trump remains something of an unlikely figure: a self-promoting and well-heeled demagogue who leads a bedraggled coalition of piratical capitalists, southerners, and people from the has-been or never were towns of Middle America. His fiercest opponents largely come from the apex of our society: the tech oligarchy, a rabidly hostile press and the cultural and academic hegemons.  read more »

A recent report from the RAND Corporation looks at America’s infrastructure and concludes that “not everything is broken.” In fact, what is broken, more than the infrastructure itself, is “our approach to funding and financing public works.” This is largely because governments by-pass market signals and rely on “often complicated and multilayered governance arrangements and competing public goals and preferences” to make decisions about w  read more »

President Trump’s critics find it hard to give him credit for anything, especially given his extraordinary boastfulness. Yet Trump’s economic policies seem to be working. New job numbers are robust, GDP and wages continue to rise, stocks are soaring, unemployment continues to decline, and overall growth is at its highest in 13 years. And this salutary picture is not exclusive to big business; the index of small business optimism, as measured by the National Federation of Independent Business, has reached its highest level in the 45-year history of the survey.  read more »

Do we only really trust people who are like us? And if so, is that a mistake?

Distrust of the unfamiliar and the foreign is a natural survival mechanism for most species, including the human species. But, if empirical evidence is worth anything, a reflexive distrust of the foreigner cannot be said to be equally benign. Distrust sows fear. And fear plays in the hands of demagogues and can turn into a contagious pathology with numerous undesirable consequences.  read more »

Given the current state of American politics, and those of our state of California, our founding fathers might well consider not just turning over in their graves but boring deeper towards the earth’s core. Yet amidst the almost unceasing signs of discord and hyperbolic confrontation, there exists a more sensible approach which could help rescue our wobbling Republic.  read more »

Just before year end, the New York Times dropped a bombshell report on what they term “the most expensive mile of subway on earth.”

An extensive investigation by the Times finally starts to get at the heart of why construction costs on the New York subway are vastly higher than anywhere else in the world.  read more »

Propped up by media idolatry, California is moving from denial to delusion. Case in point: A recent AP story claimed that the state “flush with cash from an expanding economy” would consider spending an additional billion dollars on health care for the undocumented, as well as a raft of new subsidies for housing and the working poor.  read more »

Beneath the sex scandals, moronic tweets, ridiculous characters, and massive incompetence that dominate Washington in this mean period of our history lie more fundamental geopolitical realities. Increasingly it is economics—how people make money—rather than culture that drives the country into perpetual conflict.  read more »

Venezuela is bankrupt, having just defaulted on three interest payments. And much of the world is pointing fingers at the socialist policies of Hugo Chavez and those of his successor, the incumbent Nicolás Maduro. This laying of the blame is not wrong but it is incomplete.

The kindest thing you could say about Mr. Chavez is that he was a talented demagogue who brilliantly identified his opportunity and judiciously seized his moment. But, as previously argued by Fred McMahon of the Fraser Institute, Chavez did not start Venezuela’s downward spiral.  read more »

“At the heart of every civilization, religious values are asserted.”

— Fernand Braudel

Even at this season that should be about spiritual re-awakening, it is hard to deny that we live in an increasingly post-religious civilization. Virtually everywhere in the high-income world, faith, particularly tied close to institutionalized religion, has been dropping for a decade, and the trend is accelerating with each new generation. Even once bright religious celebrations like Christmas have not only become less spiritual, even here in America, but seems to be inexorably returning to its original pagan roots as essentially a winter solstice holiday.  read more »