A recent The Economist cover pictured the 46th US President Joe Biden in front of the White House with a cleaning mop. The lead, “Morning after in America,” projects that “The outlook for America looks grim, but that could quickly change.” The venerable publication proclaimed from its...
In a world of ever-expanding wealth inequality, those who possess significant wealth today tend to become tomorrow’s hyperwealthy. The aristocracy of hyperwealth has always existed, but it was formerly limited to rare individuals whose family history or luck in the industrial world endowed them...
Complaints about American decline have been commonplace since at least the Vietnam War era. In the late 1980s, declinism experienced an upsurge with the publication of "The Rise and Fall of Great Powers," by Paul Kennedy, which warned of the dangers of imperial overstretch. Even America’s...
In the most recent Democratic presidential primary debate in Nevada, MSNBC journalist Chuck Todd asked candidate Bernie Sanders a probing question, “What did you mean that you don't think they should exist?” Sanders described the effects of an economic system that allows for...
Critics dismiss the Green New Deal as a dream. But that’s precisely what it is: visionary. It’s become a common trope of the Trump era for columnists and commentators to attack the lunacy of the far right at the same time as castigating the “loony left.” These pundits, who usually place...
This author has an idea of how to help keep people off the streets: Let them sleep in their vehicles. When friends from overseas come to visit me in the States, they are shocked by how many people are homeless and living on the streets. How can people be so poor, they want to know, in a country...
Psychological studies tell us that someone from a disadvantaged background might in fact be much better at running a country's economy. One of the mysteries of the Trump presidency boils down to this question: Will he prove to be an economic populist and advance the economic well-being of the...
