"By 1970, the governments of the wealthy countries began to take it for granted that they had truly discovered the secret of cornucopia. Politicians of left and right alike believed that modern economic policy was able to keep economies expanding very fast -- and endlessly. That left only the congenial question of dividing up the new wealth that was being steadily generated."

Those words, from a Washington Post editorial more than twenty-five years ago, echoed the beliefs not only of  read more »

President Barack Obama‘s “pivot” on jobs this week shows that the president has finally — if belatedly — acknowledged the real misery caused by the Great Recession. However, it does not shed his complicity in the ever deepening employment crisis. Unemployment remains high, exceeding 9% — 16% if you include part-time workers. The percentage of adults in the workforce is bouncing near a 30-year low.  read more »

Many commentators correctly attribute the UK rioting to decades of misgoverning and miseducating youth. Contributing to this has been the breakdown of family discipline, the replacement of working fathers as role models and the creation of a culture of entitlement. Tony Blair has talked about a breakdown in public morality. Less convincingly, many on the left have attributed the cause to the social expenditure cuts of the Cameron Government, cuts that have actually made barely a dent in the proceeding Blair/Brown years of tumescent expenditure growth.  read more »

The recent announcement that California's unemployment again nudged up to 12 percent—second worst in the nation behind its evil twin, Nevada—should have come as a surprise but frankly did not. From the beginning of the recession, the Golden State has been stuck bringing up a humbled nation's rear and seems mired in that less-than-illustrious position.  read more »

More than two years ago (March 2009, to be precise), New Geography published an article I wrote, entitled Whatever Happened to ‘The Vision Thing'?. It began:

When I was in elementary school, I remember reading about the remarkable transformations that the future would bring: Flying cars, manned colonies on the moon, humanoid robotic servants. Almost half a century later, none of these promises of the future – and many, many more – have come to pass. Yet, in many respects, these visions from the future served their purpose in allowing us to imagine a world far more wondrous than the one we were in at the time, to aspire to something greater.  read more »

America is about to enter a presidential campaign that promises to be filled with divisive rhetoric and sharp differences over which direction the nominees want to take the country. This will be the fourth time in American history that the country has been sharply divided over the question of what the size and scope of government should be. Each time the issue was propelled by vast differences in beliefs between generations that caused the country to experience long periods of Fear, Uncertainty and Doubt (FUD), before ultimately resolving the issue in accord with the ideas and beliefs of a new generation.  read more »

CNBC reports the information technology (IT) sector is “where the jobs are.” And the Los Angeles Times writes that tech jobs in San Francisco are a “rare bright spot in the nation’s troubled economy.”

EMSI’s most current data, however, paints a slightly less rosy picture.  read more »

Citizens in Australia’s major cities are becoming increasingly unhappy about what they perceive as the escalating deterioration in their quality of life - traffic congestion, overloaded public transport, unaffordable housing for young people, increases in the costs of basic services and overcrowding. There is little doubt that recent election results and unfavourable opinion polls are partly an expression of this dissatisfaction.  read more »

The title raises the obvious question: Does Chicago need saving?

I guess the answer is clear. Aaron Renn published a reviewofthe 2010 census, and for Chicago it was not pretty. Since 2000 the city lost over 200,000 people: nearly 7.5% of its Black residents, and almost 6% on non-Hispanic Whites. Only the Hispanic population grew, but at an anemic 3.4%. Even the metro area writ large isn’t doing all that well, growing by only 3.9% (against the nation’s 10%).  read more »

China's capital, Beijing, has long been one of the world's largest urban areas. Some reports placed its population at over 1 million in 1800, which would have made Beijing the largest urban area  in the world at that time. Later in the nineteenth century, Beijing dropped below 1 million population, as London, Paris and later New York rose to prominence. As late as 1953, Beijing had a population of fewer than 3 million. Since then the city’s population has  increased more than six times (Figure 1).  read more »